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

[Torque]

I agree that more USD = higher stonks prices generally but at some point eventually somebody is going to make some back of the envelope calculations and will be shocked to find out how overvalued some companies have become. But then again, we all know what the PPT is for and how the stock market must go up to keep the whole show running (debt, 401k and all that).

As I personally was never into stonks (and will never be), I'll just stock up on pop corn and watch how it works out from the sidelines.

The fact that even the S&P 500 could eek out a nice gain (as opposed to a heavy loss) in the worst economic year with the highest job loss since The Great Depression is so criminal that it's mind blowing, and should be very telling for the years to come.

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[Gyrsur]

burst of a pre bubble, IMHO. nothing to worry about.

[AlcoHoDL]

Hey WO gang!

Thanks so much for your replies, I've read and appreciate every single one of them!

On the PC now, at last. WO is a pain to browse from the screen of a phone, let alone posting, quoting, etc. Should get a good tablet. iPad Air maybe? Why not, we're rich now, aren't we?

Still alive, confined at home monitoring myself. This has got to be the weirdest illness I've ever experienced in my entire life. Alternating wildly between feeling "OK" and having a fever and headache. No coughing, no shortness of breath. Not yet anyway. Hopefully never.

Got an oximeter as suggested. Readings look good (alternating between 97% and 98%). I read that 94% is the warning threshold, so all good. I'm quite fit, exercising regularly, not taking any medication, etc. This should help me win this fight.


On topic. I see we had a correction for ants, which is already bouncing back up and has entered the typical decaying oscillatory response. Based on what I've seen so far, I'd say it will either go sideways for a little while and then shoot up, or it will shoot up straight away. We'll see. I'm happy either way. Shouldn't be too greedy. Once upon a time I was aiming for 10k € and we're now at 25k+ €...

I read the post with the news about Bitcoin "losing steam" by dipping 10%. Really? Don't they know nuttin'? Are they embittered nocoiners? Paid shills? Rhetoric questions... Funny thing is that, as already noted, the news item hasn't aged so well, and very soon I see some nice memes being posted based on this.

Not selling a sat until I need to. No targets. Will sell when I need to. And as much as I need to. Will not fill the bank with fiat. Already have some there and they are now worth less than when they were put there.

Onwards & upwards.

HoDL.

#humbled #love #nohomo

[LoyceV]

WO is a pain to browse from the screen of a phone

Does WallObserver.tk work better on mobile?

[Gyrsur]

Hey WO gang!

Thanks so much for your replies, I've read and appreciate every single one of them!

On the PC now, at last. WO is a pain to browse from the screen of a phone, let alone posting, quoting, etc. Should get a good tablet. iPad Air maybe? Why not, we're rich now, aren't we?

Still alive, confined at home monitoring myself. This has got to be the weirdest illness I've ever experienced in my entire life. Alternating wildly between feeling "OK" and having a fever and headache. No coughing, no shortness of breath. Not yet anyway. Hopefully never.

Got an oximeter as suggested. Readings look good (alternating between 97% and 98%). I read that 94% is the warning threshold, so all good. I'm quite fit, exercising regularly, not taking any medication, etc. This should help me win this fight.


On topic. I see we had a correction for ants, which is already bouncing back up and has entered the typical decaying oscillatory response. Based on what I've seen so far, I'd say it will either go sideways for a little while and then shoot up, or it will shoot up straight away. We'll see. I'm happy either way. Shouldn't be too greedy. Once upon a time I was aiming for 10k € and we're now at 25k+ €...

I read the post with the news about Bitcoin "losing steam" by dipping 10%. Really? Don't they know nuttin'? Are they embittered nocoiners? Paid shills? Rhetoric questions... Funny thing is that, as already noted, the news item hasn't aged so good, and very soon I see some nice memes being posted based on this.

Not selling a sat until I need to. No targets. Will sell when I need to. And as much as I need to. Will not fill the bank with fiat. Already have some there and they are now worth less than when they were put there.

Onwards & upwards.

HoDL.

#humbled #love #nohomo

great for having you back here. but be carefull anyway!  #nohomo

[Dabs]

The amounts that got sold in the last couple days are alarming. Do they know what we dont yet? Cant decide to sell or wait. I mean only the small amount I bought at 21k and 26k Euro. Have a feeling we go down to hell soon...

relax.
i dont get "selling" btc. you want to trade btc? most professsional traders lose. almost all retail traders lose. bitcoin is longterm savings get rich slow tech. dont trade the best performing asset ever. if you bought and price dips below your entry, be thankful for the opportunity to buy more and lower your entry price.  

when trading you are trying to outperform traders that are:

-smarter
-more experienced
-with waaayyyy deeper pockets
-who are well connected
-and ruthless
-better informed

Don't forget there are traders that don't sleep, trade 20 times a minute, every minute, every hour, every day. They also do so from a variety of signal sources, they always buy a dip, and sell a top. They rely on algorithms, are emotionless, and sometimes even do arbitrage across different exchanges at the speed of a block confirmation. They do all the tech analysis and quants and stuff at gigahertz speeds.

They are sometimes called bots. Trading bots. Selling bots. Buying bots.

Humans don't stand a chance. The only way to beat them is to buy now, sell later (or don't sell). Buy now, hodl for 5 to 10 years.

[psycodad]

Regarding paying taxes, this one is a bit older, but we can learn a lot from the big boys on how it is done right:

Germany foregoes ~500M EUR gift taxes on 1B stock gift:

https://www.forbes.com/sites/daviddawkins/2020/10/09/axel-springers-ceo-was-just-given-12-billion-in-stock-heres-how-he-might-sidestep-a-500-million-tax-bill/

The english article above says it is unclear how much tax he is going to pay, german media reports he is going to pay zip-nada-null because actually collecting the tax would have put the company in financial danger (his brilliant tax lawyer will probably get much more than the german tax authorities):

https://www.manager-magazin.de/unternehmen/mathias-doepfner-milliardengeschenk-an-axel-springer-chef-wohl-weitestgehend-steuerfrei-a-dbd7c296-6e81-4239-84b9-45a87f0a18b4

https://mmm.verdi.de/medienwirtschaft/aktiengeschenk-doepfners-steuercoup-69089


Justitia must be wanting to vomit more than she ever could eat..

[philipma1957]

Hey WO gang!

Thanks so much for your replies, I've read and appreciate every single one of them!

On the PC now, at last. WO is a pain to browse from the screen of a phone, let alone posting, quoting, etc. Should get a good tablet. iPad Air maybe? Why not, we're rich now, aren't we?

Still alive, confined at home monitoring myself. This has got to be the weirdest illness I've ever experienced in my entire life. Alternating wildly between feeling "OK" and having a fever and headache. No coughing, no shortness of breath. Not yet anyway. Hopefully never.

Got an oximeter as suggested. Readings look good (alternating between 97% and 98%). I read that 94% is the warning threshold, so all good. I'm quite fit, exercising regularly, not taking any medication, etc. This should help me win this fight.


On topic. I see we had a correction for ants, which is already bouncing back up and has entered the typical decaying oscillatory response. Based on what I've seen so far, I'd say it will either go sideways for a little while and then shoot up, or it will shoot up straight away. We'll see. I'm happy either way. Shouldn't be too greedy. Once upon a time I was aiming for 10k € and we're now at 25k+ €...

I read the post with the news about Bitcoin "losing steam" by dipping 10%. Really? Don't they know nuttin'? Are they embittered nocoiners? Paid shills? Rhetoric questions... Funny thing is that, as already noted, the news item hasn't aged so well, and very soon I see some nice memes being posted based on this.

Not selling a sat until I need to. No targets. Will sell when I need to. And as much as I need to. Will not fill the bank with fiat. Already have some there and they are now worth less than when they were put there.

Onwards & upwards.

HoDL.

#humbled #love #nohomo

yeah it is weird . I was sick with it dec 31 2019 to jan 25 2020. fever on and off. my body felt black and blue and beaten on.

I was 63 when I caught it.
I have asthma
I have diabetes

And I did better with it then my wife. 91-93 on the o2 meter.  fever spiked hard one time 103 for 3 hours. with uncontrollable shakes. My skin felt hot and sweaty and my insides felt cold. Wrapped myself in 3 blankets and sweated that mofo out.

Once that one really hot shaking stopped fever was never over 99 and I was done with it.

For me this was not as bad as the h1n1 flu I had in 2009.

My wife on the other hand really has suffered long term lung damage which is just getting better after 1 year and 1 week since first getting it.

Good luck fighting this mofo bro.

[CookieFactory]

I'm strongly considering quitting my job, and doing something, anything else while living off crypto for the foreseeable future. This is the first day of work after a 2 week break, and instead of being "refreshed" and ready to work, all I can think is the break wasn't nearly long enough. Despite finding the work deeply unfulfilling, my job is stable and pays pretty well (a quick Google search says I'm in the top 97% within my state).

Probably the biggest thing holding me back is losing the structure that comes with the daily grind. I'm not completely confident I have the necessary self-discipline to create my own structure over the long-term, and while there are a lot of things I want to do (contribute to open source crypto software, write a novel, go back to school, etc), there's the non-zero chance I end up wandering aimlessly without purpose until wasting away.

Has anyone else gone through this or a similar thought process? This might be the only place (that I know of) with people who could relate.

[El duderino_]

[d_eddie]

@AlcoHoDL

Hodl tight man. If you haven't seen bad symptoms yet, you likely won't. When it's bad, it's usually immediately bad. This pattern of yours hit two of my friends (one in her early 40s, the other in his late 50s). Both were out of it in just over one week, plus of course some time to get back to full baseline.

EDIT - No muscle/joint pain? That was the worst of the "light" symptoms apart from head splitting headaches. My older friend, a former athlete, said he'd never felt anything like that muscle pain, even in post-traumatic conditions.

[JimboToronto]

Not selling a sat until I need to. No targets. Will sell when I need to. And as much as I need to. Will not fill the bank with fiat. Already have some there and they are now worth less than when they were put there.

That's the spirit. Keep your profits in Bitcoin.

Get well soon!

[AlcoHoDL]

Hey WO gang!

Thanks so much for your replies, I've read and appreciate every single one of them!

On the PC now, at last. WO is a pain to browse from the screen of a phone, let alone posting, quoting, etc. Should get a good tablet. iPad Air maybe? Why not, we're rich now, aren't we?

Still alive, confined at home monitoring myself. This has got to be the weirdest illness I've ever experienced in my entire life. Alternating wildly between feeling "OK" and having a fever and headache. No coughing, no shortness of breath. Not yet anyway. Hopefully never.

Got an oximeter as suggested. Readings look good (alternating between 97% and 98%). I read that 94% is the warning threshold, so all good. I'm quite fit, exercising regularly, not taking any medication, etc. This should help me win this fight.


On topic. I see we had a correction for ants, which is already bouncing back up and has entered the typical decaying oscillatory response. Based on what I've seen so far, I'd say it will either go sideways for a little while and then shoot up, or it will shoot up straight away. We'll see. I'm happy either way. Shouldn't be too greedy. Once upon a time I was aiming for 10k € and we're now at 25k+ €...

I read the post with the news about Bitcoin "losing steam" by dipping 10%. Really? Don't they know nuttin'? Are they embittered nocoiners? Paid shills? Rhetoric questions... Funny thing is that, as already noted, the news item hasn't aged so well, and very soon I see some nice memes being posted based on this.

Not selling a sat until I need to. No targets. Will sell when I need to. And as much as I need to. Will not fill the bank with fiat. Already have some there and they are now worth less than when they were put there.

Onwards & upwards.

HoDL.

#humbled #love #nohomo

yeah it is weird . I was sick with it dec 31 2019 to jan 25 2020. fever on and off. my body felt black and blue and beaten on.

I was 63 when I caught it.
I have asthma
I have diabetes

And I did better with it then my wife. 91-93 on the o2 meter.  fever spiked hard one time 103 for 3 hours. with uncontrollable shakes. My skin felt hot and sweaty and my insides felt cold. Wrapped myself in 3 blankets and sweated that mofo out.

Once that one really hot shaking stopped fever was never over 99 and I was done with it.

For me this was not as bad as the h1n1 flu I had in 2009.

My wife on the other hand really has suffered long term lung damage which is just getting better after 1 year and 1 week since first getting it.

Good luck fighting this mofo bro.

Yes, very similar to my case. I haven't taken paracetamol for one day, no fever, all good. I try to sleep without taking any paracetamol, only to be woken up in the middle of the night shivering from a rising fever. Then I take paracetamol and a couple of hours later I'm woken up again, all sweating (pyjamas literally dripping) from the falling fever. Nasty mofo!

Mine started on Dec 31 2020. So I'm looking at enduring this for the most part of January. OK, good to know what to expect. I'm in my 40s, so hopefully it will take a bit less time to clear out. I just hope it does clear out, and doesn't clear me out...  

Thanks man, and all WOers.

[AlcoHoDL]

@AlcoHoDL

Hodl tight man. If you haven't seen bad symptoms yet, you likely won't. When it's bad, it's usually immediately bad. This pattern of yours hit two of my friends (one in her early 40s, the other in his late 50s). Both were out of it in just over one week, plus of course some time to get back to full baseline.

EDIT - No muscle/joint pain? That was the worst of the "light" symptoms apart from head splitting headaches. My older friend, a former athlete, said he'd never felt anything like that muscle pain, even in post-traumatic conditions.

Thx man, I appreciate the post.

Fortunately, no bad symptoms in the sense that I must be admitted to hospital. Just fever swings and diarrhea. In fact, when I take paracetamol (for the fever) I feel pretty good. I can feel I'm sick, but I can still enjoy things. No coughs, no shortness of breath, no muscle pain, nothing like that. If it completes its cycle in a week, that would be great!

In my 40s, quite fit, exercising every day, not overweight. Hopefully this will help kill it faster.

[rdbase]

Just watching tone vays after party from yesterday's livestream and he is back to his old ways of being bearish. Saying he will be moving to mexico or something like this because of his countries covid restrictions. Also saying Canada is worst than the US in their terms of covid lockdowns.
This is what the price charts looked like this morning:

[OutOfMemory]

I'm strongly considering quitting my job, and doing something, anything else while living off crypto for the foreseeable future. This is the first day of work after a 2 week break, and instead of being "refreshed" and ready to work, all I can think is the break wasn't nearly long enough. Despite finding the work deeply unfulfilling, my job is stable and pays pretty well (a quick Google search says I'm in the top 97% within my state).

Probably the biggest thing holding me back is losing the structure that comes with the daily grind. I'm not completely confident I have the necessary self-discipline to create my own structure over the long-term, and while there are a lot of things I want to do (contribute to open source crypto software, write a novel, go back to school, etc), there's the non-zero chance I end up wandering aimlessly without purpose until wasting away.

Has anyone else gone through this or a similar thought process? This might be the only place (that I know of) with people who could relate.

For my part, i'm unemployed since 2011 now, mainly because of fatigue, weak immune system and memory problems.
Eight years before that i ran a home/small business in the IT industry. I got good health and social insurance.
(EDIT: On about a third of what i used to earn, but it's enough)

So now, back to your question: You have to have some "mission", a hobby and take the times just as they come. I had to learn to never feel bored (through meditation).
You have to be immune to people's talks, because not many can get along with somebody making a living of not working. In my case i undergo a lot of neurologic therapy, and i'm restored to some extent, at least in terms of fitness and immune system strength. Your "aim" may be to discover everything you didn't know about yourself yet.

And there's that golden tip i got once...
Go into absolute darkness and silence (some people used a coffin), relax without motion, just shut your mind down to a point where you imagine "this is it. i'm dead. This was my life..." Pretend to be dead. Take your time, i'm serious, and then you will start remembering what you did, all your experiences, your life and, most important, what you didn't do, what you regret you did, which dreams you didn't work on to realise them....
If you do this right (authentic) you will know what you want to do with your life. Trust me. It's being taught at seminars in Germany.

Remeber: You need to look at your past life as if you're dead already. It's not important how you do it, it's only important that you actually do it.

[BitcoinGirl.Club]

Good evening WO!
Observing @ $31,400

Feeling no excitements LOL

[JimboToronto]

I'm strongly considering quitting my job, and doing something, anything else while living off crypto for the foreseeable future. This is the first day of work after a 2 week break, and instead of being "refreshed" and ready to work, all I can think is the break wasn't nearly long enough. Despite finding the work deeply unfulfilling, my job is stable and pays pretty well (a quick Google search says I'm in the top 97% within my state).

Probably the biggest thing holding me back is losing the structure that comes with the daily grind. I'm not completely confident I have the necessary self-discipline to create my own structure over the long-term, and while there are a lot of things I want to do (contribute to open source crypto software, write a novel, go back to school, etc), there's the non-zero chance I end up wandering aimlessly without purpose until wasting away.

Has anyone else gone through this or a similar thought process? This might be the only place (that I know of) with people who could relate.

Learning how to reassign your time is one of the biggest challenges of quitting an addiction like alcoholism, job slavery, or hard drug dependence.

You may have already realized the harm caused by your addiction and decided to quit but if you are accustomed to hanging out in bars or with cronies drinking, or working in some office or factory, or jonesing for your next fix, it takes an extra effort to learn how to use your extra time.

This is why quitting cold turkey without a plan isn't a good idea. Hobbies are a good start. Fun enterprises are even better. May as well get paid for having fun.

Mark Twain said, "work is what a fellow is obliged to do". If it's fun and optional, it's not work. It's a hobby.

May as well get paid for your hobbies.
______

BTW I've been job-free since 1976. Just  say no.

[AlcoHoDL]

I'm strongly considering quitting my job, and doing something, anything else while living off crypto for the foreseeable future. This is the first day of work after a 2 week break, and instead of being "refreshed" and ready to work, all I can think is the break wasn't nearly long enough. Despite finding the work deeply unfulfilling, my job is stable and pays pretty well (a quick Google search says I'm in the top 97% within my state).

Probably the biggest thing holding me back is losing the structure that comes with the daily grind. I'm not completely confident I have the necessary self-discipline to create my own structure over the long-term, and while there are a lot of things I want to do (contribute to open source crypto software, write a novel, go back to school, etc), there's the non-zero chance I end up wandering aimlessly without purpose until wasting away.

Has anyone else gone through this or a similar thought process? This might be the only place (that I know of) with people who could relate.

For my part, i'm unemployed since 2011 now, mainly because of fatigue, weak immune system and memory problems.
Eight years before that i ran a home/small business in the IT industry. I got good health and social insurance.
(EDIT: On about a third of what i used to earn, but it's enough)

So now, back to your question: You have to have some "mission", a hobby and take the times just as they come. I had to learn to never feel bored (through meditation).
You have to be immune to people's talks, because not many can get along with somebody making a living of not working. In my case i undergo a lot of neurologic therapy, and i'm restored to some extent, at least in terms of fitness and immune system strength. Your "aim" may be to discover everything you didn't know about yourself yet.

And there's that golden tip i got once...
Go into absolute darkness and silence (some people used a coffin), relax without motion, just shut your mind down to a point where you imagine "this is it. i'm dead. This was my life..." Pretend to be dead. Take your time, i'm serious, and then you will start remembering what you did, all your experiences, your life and, most important, what you didn't do, what you regret you did, which dreams you didn't work on to realise them....
If you do this right (authentic) you will know what you want to do with your life. Trust me. It's being taught at seminars in Germany.

Remeber: You need to look at your past life as if you're dead already. It's not important how you do it, it's only important that you actually do it.

+1 WOsMerit.

[BitcoinGirl.Club]

Alternating wildly between feeling "OK" and having a fever and headache. No coughing, no shortness of breath. Not yet anyway. Hopefully never.

Hey brother. You are fine. This might be normal virus fever with headache. Don't worry too much.

Careful about things like
Can not smell
Having diarrhea
Blisters in the mouth

Do breathing exercises, when inhale notice if you feel any pain in the chest. Obviously always have the oximeter. 97/98 is fine but regular person should have 99+

I am not a doctor but I am saying all these from experience being with covid patients.

I hope you get well soon brother.