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

[DaRude]

I miss huge hidden walls on Finex, price goes down then bam hits invisible wall, you watch volume shooting up on empty order book. Thanks for playing, next.

[JimboToronto]

(But for the love of god don't buy an expensive car with it, that's just stupid)

To be fair, if Bitcoin gets to 1M, I may buy an expensive car with it:)

Me too.



Oops my wife doesn't like my choice of chauffeur. Try this:

[Elwar]

{...snip...}
I hope there is one last push over $50k. But I would not be surprised if we reached the top for this cycle.

Elwar, bro, what are you smoking?

We’re still early in this bull cycle, I’d estimate that the price will treble from here.

I certainly hope so. I did the sale years ago so as they say...don't let emotions play a role in your trades. It's certainly not a significant amount, but so many of the charts put us exactly where we are today years ago ($50-$60k range).

Which is awesome because the charts looking into the next 4 years are pretty amazing.

But we all know the other signs that we need to keep in mind...how many old friends that you haven't talked to in years are contacting you asking about some random shitcoin? How many people talking about $100k-$200k prices "soon".

I do believe that in the next few years we will never need to sell again. We'll just be using our bitcoin.

[marcus_of_augustus]

Fiat assets seem more risky that fiat, the stock market in particular.

... you're confused, "fiat assets" are those monetary debt notes issued by central banks and backed up governmental fiat decree, e.g. US Fed. Res. debt promissory notes, Euros, Yen, Pounds "sterling", Yuan, AUD, NZD and on and on ... actually it's questionable whether they are actually assets but rather classed as  liabilities since they are issued as debts against society

... fiat-denominated assets like stocks, bonds, commodities, property can be anything you want to value in fiat (a risky idea now)

... you can denominate any asset in any other asset, just because stocks are now somehow linked to the central bank fiats, inside their prison-casino financial pyramid schemes, does not mean those asset are forever beholden to fiat ... this is the mind-prison part of the fiat deception

... eventually many assets will be denominated in BTC, MegaWatts for BTC, oil for BTC, Gold for BTC, houses for BTC, Teslas for BTC (wait already have it), Booty for BTC, food for BTC, you get the picture.


... shake your head out of the fiat mind-prison

[marcus_of_augustus]

ECB took to their Twitter account on Valentine's Day to Tweet out a love poem about monetary policy.

    Roses are red
    Violets are blue
    We’ll keep financing conditions favourable
    ‘Til the crisis is through#ECBmyvalentine #ValentinesDay
    — European Central Bank (@ecb) February 14, 2021

... the delusion grows strong with these ones

[marcus_of_augustus]

global warming is getting out of control ...

https://www.zerohedge.com/commodities/grid-chaos-2-million-texans-without-power-rolling-blackout-begin

Here are the key takeaways from Texas rolling blackouts:

    Southwest Power Pool Says 17 States Limiting Energy Usage
     3.368 million Texans Without Power
    Texas Gov. Greg Abbott Calls Up Texas Army National Guard
    Oncor Electric Delivery Continues To Warn About Extended "Controlled Outages"
    Texas Gov. Greg Abbott States Power Grid Not Compromised
    Power Crisis Hits Texas And 13 Other States
    Southwest Power Pool Declares Energy Emergency Alert Level 3
    Houston Mayor Sylvester Turner Warns Of More Blackouts
    Houston Mayor Sylvester Suspends Air Travel In Houston
    ERCOT Wholesale Electricity Prices Plunged From Cap Of $9k per megawatt-hour to around $2.5k
    Oncor Electric Delivery Extends Rolling Blackouts
    2.7 Million Texans Without Power
    ERCOT Wholesale Electricity Prices Exceed $9k per megawatt-hour

... power grid freezing up right into jaws of extreme sub-freezing cold blast, enjoy your wind turbines and solar panels you stupid bitches!

[ivomm]

Good Morning BTC Land... So we had a massive dump this night... How shocking... So no 50k sadly I had no fiat left for buying the Dip.

I saw lowest was 46k so almost 8%, now we are a little higher than than. Mmh f2pool again?

Let see what the day brings us.

snip

Good as always, only 10 2 1 away from Legendary bro

FTFY

FTFY2

FTFY3. Now Legendary. Welcome.

What a pleasant surprise! In a matter of minutes I got 30+ merits and achieved a Legendary status! 99% of the merits came from this epic thread! I'm honoured to be part of the WO Legendary OG! Thank you El duderino and LFC_Bitcoin for the last boost and many more legends here not only for the merits, but for being such a sincere and strong support for me and the others in this forum. I don't want to sound corny, but I've always tried my best to contribute to the HODL movement with my thoughts and reactions. For me, the most important things are to learn to be patient and positive, no matter what is the current situation, and equally important - to encourage myself and the others with a sincere and accurate analysis related to Bitcoin.

And to make the things even better - that motto under my hat is already partially fulfilled at the current prices! It was far from easy for me starting to discover the Bitcoin world in 2016 and finally investing all savings in the late Summer of 2017. I made so many bad decisions caused by the lack of a deeper understandig of what is Bitcoin and what is its importance in my life. When I finally got to the firm HODL conviction in Dec 2017, it turned against me. For a whole year I was seeing how my hopes of a new house and a new life were falling appart to the point when I was 40% poorer than before investing in Bitcoin. But even then I saw clearly what is going to happen and summoned my last fiat resources to buy several precious coins. I will conclude with a Hall of Fame quotes of my posts from the end of that horrible 2018 year:

4600 is the new 6400. Who would have thought after so many months there we will dream of this price so soon.   Anyway, this is a loss for the weak hands and bonus for the hodlers who can endure such drops and buy more. When the train starts again, I am sure all these people will wait until its too late to enter again. Imagine how weak hands are 'making money': They buy at 15k$ and above because the charts looked so hot and sexy and their analysis shows it will stay that way. Now at 4K they sell because the chart looks horrible. They assure themselves that they will enter again when they are certain the bull run is on. But when - at 6k? No, not confident. At 12K- no, its too much of a price. But the Bitcoin will not stop at 16K, 20K... and finally after 30-40K they decide to enter again... Just before the next drop to 20K when they panic sell again...

This is the explanation why there are people never profiting, while others are making huge money. I am gloating with the anticipitation of the next bull run when all these noobs will bite their tongues for selling at 4K, while the price goes above 40K! Mark my words!

This is hurting badly already.

I’ve watched my bitcoin stash worth go from close to 1 million GBP to well, you can figure it out from that.
Of course it hurts.....badly.

I feel stupid for not selling at the ATH but we’ve all been through this before & we rocketed from $160 to $20,000.

It will happen again?

If it doesn’t RIP to me.

Then you had some more than me, but it's basically the same.... hundreds of thousands of euros of paper profit vanishing in front of my eyes.

In comparison to what has already vanished the remaining feels so small....

OTOH, I wasn't expecting to to sell in this decade. I will stick to my plan.

Hurts badly thou.

It hurts a lot. I must admit I am worrying if I’ve literally fucked my entire life up.

I always said I’d wait until about a year after the halving so that’s what I’m going to stick to.

C'mon we are all suffering.  Look it on the bright side. The suffering make us strong. Besides, most people (including myself) can only dream of having your stash. I've decided to wait until 40K, so I can buy a nice house and a new car. I don't care when we get there, because I don't need the money now. During that time I can buy more bitcoins. If the price is lower I can buy more.  Of course, I prefer to get there quicker than wait for 3 years. When all scammers sell their coins and ETF comes, it will be like the gold explosion. We may reach 40K in a year. Let's remember that in 2017 for 1 month we went from 5K to 20K, so why not again?

This reminds me of Sept. 2017 China-bans-ico FUD, when Bitcoin crashed from 4800 to 3000. In the last day we had 30% crash, then 25% bounce to 3800, and the next few days sideways around 3600. Now we had 20% bounce to 4200 followed by a dip to 3800-3900 (BFX). The support is way too big - around 13K BTC in buy offers down to the price 3000$ (BFX). So good luck bears  getting another 20% down The time of the bears has ended! The time of the bulls is coming! The only thing I regret is that if I knew what was gonna happen, I would sell at 20K and rebuy at 4k. I knew that in 2014 the crash was because of the Gox thing. Since the situation was completely different I thought it won't happen again. But I forgot one thing - most of the traders are illitirate and chart looking morons. They don't think logically, nor believe in the technology. It is funny how exactly traders copied the chart of 2014 y! Their story this year is cutting the losses sells. Nah, this game is for gamblers. I am sure that when the bakkt and ETF news come out they will be on the wrong side - useless fiat or worse tether   Besides I think it is too greedy to sell with the hope of rebuying lower. Just buy regularly with the income and endure the dips and crashes. You never know when the market is going to turn against the shorters! Set a price target and wait until it's reached. If we went from 150$ to 20K$ in 3 years, why not going from 4k$ to 40K$ in 3 years? I just hope I and my family to have a good health, and lets see what will happen in 3-7 years. I hope by then to have at least 20 bitcoins... So the lower price is not so bad for me after all

Those who try to scare us with going to 0 talk either don't understand how exchanges work, or are hoping to make others sell, so they buy cheaper. I am not scared of any low price and that I will be at a loss temporarily (happened many times already). On the contrary, I am happy with the fact that I can buy more Bitcoins with my monthly income. The question is not how low we may go, but how high we will go! For the ignorants just two numbers - 200 price at the end of 2014 (does it matter now?!?) and stable 6K at the end of 2017 (excluding the peak 10-20K). So we are on this schedule: 4k at the end of 2018 and stable 30-40K  at the end of 2021 (with possible peak above 100K). But let's say we have more crooks like Wu, Ver and Wright to hammer the price, and SEC is still refusing to allow ETF. Then what about in 7-8 years. With almost all 21mil Bitcoins mined, and several millions lost each year, and millions of new buyers... The explosion can't be delayed much longer for sure. So, no need of FUD or nervous trading, just hodl and you won't be dissapointed by the result!

[El duderino_]

https://twitter.com/100trillionusd/status/1361313873140269063?s=21

[OutOfMemory]

... Random rant and insults...

j

So fuck off and don't read my post.

Whine about non-existent BTC dumps (or shill altcoins) and get the JJG Slap.

This is the WO way  

Yeah... I know after 12h it's easy to say, there was nothing... After rebounce and the info that there was a long squeeze it's easy to rant and insult like a 10 year aggro kid. Clap clap clap... How awesome. Maybe he can also tell me the lottery numbers from last week.

I think you are making a mistake, i used to make this one in the past, too.
In 2017, daily price rises in the range of $1-$2k marked the approaching top, $1k-$2k daily falls marked the beginning of the bear cylcle.
These are absolute numbers. Pumps/dumps of the same relative orders should be more than twice as big than what we were experiencing the last few days/weeks.
High volatility means bigger jumps at higher prices.
You should watch daily candles to distance your lil selfie (c) from bad emotions and cool down a little.

This is not full throttle mode, yet.
We're just cruising.
CHILL  

global warming is getting out of control ...

https://www.zerohedge.com/commodities/grid-chaos-2-million-texans-without-power-rolling-blackout-begin

Here are the key takeaways from Texas rolling blackouts:

    Southwest Power Pool Says 17 States Limiting Energy Usage
     3.368 million Texans Without Power
    Texas Gov. Greg Abbott Calls Up Texas Army National Guard
    Oncor Electric Delivery Continues To Warn About Extended "Controlled Outages"
    Texas Gov. Greg Abbott States Power Grid Not Compromised
    Power Crisis Hits Texas And 13 Other States
    Southwest Power Pool Declares Energy Emergency Alert Level 3
    Houston Mayor Sylvester Turner Warns Of More Blackouts
    Houston Mayor Sylvester Suspends Air Travel In Houston
    ERCOT Wholesale Electricity Prices Plunged From Cap Of $9k per megawatt-hour to around $2.5k
    Oncor Electric Delivery Extends Rolling Blackouts
    2.7 Million Texans Without Power
    ERCOT Wholesale Electricity Prices Exceed $9k per megawatt-hour

... power grid freezing up right into jaws of extreme sub-freezing cold blast, enjoy your wind turbines and solar panels you stupid bitches!

So possibly, Bawb can't post today, because he is looking for a way not to freeze his ass?
I hope he managed to sell his batch of coins, which he planned for today, iirc.
Prolly sell some more for investing in self sustaining energy sources on his future farm land would be a good idea?


EDIT: merged posts.

[d_eddie]

(note date of this quote)

Why does he sold all his coins at the bottom? I can't get it even now. If you have a work and hobby, you can just "forget" about your coins. If it fail, in factnothing will change for you. Yeah, you will regret this all your life "Oh, i could sold it and bought new Cadillac for myself!". But what will be (in fact what already happened in mindrust case) if this will success? If you've sold at the bottom, you will regret your actions much stronger than in if it would fail.

Yes. If you have "a lot" of Bitcoin and it's all just stressful to you, sell 3/4 and put the other 1/4 on a cold wallet in a drawer somewhere. Use the cash wisely, have a good life and if things go well, you'll still end up with more wealth than you'll ever need.

I really need the lockdownz to stop:

Where are you located? Lots of places lockdown isn't much of an issue at the moment. I'd be planning a long vacation in Florida if it was stressing me out. Fortunately, it's not too bad here (though we're in the middle of an ice storm right now).

(note date of this quote)

Yes. If you have "a lot" of Bitcoin and it's all just stressful to you, sell 3/4 and put the other 1/4 on a cold wallet in a drawer somewhere. Use the cash wisely, have a good life and if things go well, you'll still end up with more wealth than you'll ever need.

AKA Never go full fiat.

Nice "recursive" editing, Richy 

[OutOfMemory]

...

Those who try to scare us with going to 0 talk either don't understand how exchanges work, or are hoping to make others sell, so they buy cheaper. I am not scared of any low price and that I will be at a loss temporarily (happened many times already). On the contrary, I am happy with the fact that I can buy more Bitcoins with my monthly income. The question is not how low we may go, but how high we will go! For the ignorants just two numbers - 200 price at the end of 2014 (does it matter now?!?) and stable 6K at the end of 2017 (excluding the peak 10-20K). So we are on this schedule: 4k at the end of 2018 and stable 30-40K  at the end of 2021 (with possible peak above 100K). But let's say we have more crooks like Wu, Ver and Wright to hammer the price, and SEC is still refusing to allow ETF. Then what about in 7-8 years. With almost all 21mil Bitcoins mined, and several millions lost each year, and millions of new buyers... The explosion can't be delayed much longer for sure. So, no need of FUD or nervous trading, just hodl and you won't be dissapointed by the result!

While reading, i recognized

Then what about in 7-8 years. With almost all 21mil Bitcoins mined

In reality, last BTC mined should be around 2140 by current prognosis, so 7-8 years won't work.
Difficulty problems?  

Also, several millions of bitcoin lost each year...
How? 

[d_eddie]

Oh, and congrats to ivomm for well deserved legendary status! Welcome to the club in the club. The cream of the cream, so to say.



b1tc01n3rz r 1337
wall 0bz3rv3rz r m0ar 1337
hatt3rz 3v3n m0ar




#ha1ku

[Richy_T]

ECB took to their Twitter account on Valentine's Day to Tweet out a love poem about monetary policy.

    Roses are red
    Violets are blue
    We’ll keep financing conditions favourable
    ‘Til the crisis is through#ECBmyvalentine #ValentinesDay
    — European Central Bank (@ecb) February 14, 2021

... the delusion grows strong with these ones

"Favourable to whom?" is the appropriate response.

[bitcoinPsycho]

[savetherainforest]

https://twitter.com/100trillionusd/status/1361313873140269063?s=21

That pool was made with votes of poor people that are and will 4ever remain poor and just want to become rich fast, but they have weak... totally weak hands. They will panic sell if they own anything at first occasion they see a 10% rise in price.

edit*(): Also the person who posted has a fake hat. !!! Fake hat is fake!!!

[Richy_T]

Nice "recursive" editing, Richy 

I felt compelled to reply. That guy writes a lot of sense

[vapourminer]

[re power shortages]

So possibly, Bawb can't post today, because he is looking for a way not to freeze his ass?
I hope he managed to sell his batch of coins, which he planned for today, iirc.
Prolly sell some more for investing in self sustaining energy sources on his future farm land would be a good idea?

i think he mentioned area already planned for solar arrays and some wind turbines.

[vapourminer]

[re power shortages]

So possibly, Bawb can't post today, because he is looking for a way not to freeze his ass?
I hope he managed to sell his batch of coins, which he planned for today, iirc.
Prolly sell some more for investing in self sustaining energy sources on his future farm land would be a good idea?

i think he mentioned area already planned for solar arrays and some wind turbines.

[lightfoot]

Always make sure your house has a fireplace. Friend in Texas is -3 temps and no power. A miserable heat pump won't do squat in that case.

[marcus_of_augustus]

Always make sure your house has a fireplace. Friend in Texas is -3 temps and no power. A miserable heat pump won't do squat in that case.

... right, doesn't need to be wood fire just something that burns, when all else fails the ancient way to combat ice is with fire

... diesel, oil, gas, propane, wood, plastic ... anything that burns to survive, fuck these greenie idiots who've never lived in a true time of want or need