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

[BitcoinBunny]

If When BTC hits a million I'm retiring.

So sick of this development shit. Developing used to be fun until you had to work with 100 different systems. My job these days basically consists of chasing access details or gaining permissions to something and 1% coding.
Someone else can do that in my place by 2026.

[1714163246]

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[1714163246]

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[El duderino_]

If When BTC hits a million I'm retiring.

So sick of this development shit. Developing used to be fun until you had to work with 100 different systems. My job these days basically consists of chasing access details or gaining permissions to something and 1% coding.
Someone else can do that in my place by 2026.

Understandable

[Phil_S]

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.

Smart trick from UK grandma on how to use a fireplace:

[Arriemoller]

Sweden might have reached herd immunity.

https://sebastianrushworth.com/2021/01/25/heres-a-graph-they-dont-want-you-to-see/?subscribe=success#blog_subscription-17

[goldkingcoiner]

Good morning WO. Oh snap did we touch 50k?  

[El duderino_]

Good morning WO. Oh snap did we touch 50k? 

Not yet, today might be the day 

[Arriemoller]

Daily new deaths and daily new cases dropping rapidly.
And there is still no lockdown in Sweden and very few people use face masks I might add.

It might just be working.

https://www.worldometers.info/coronavirus/country/sweden/

[El duderino_]

{...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.

This is very interesting. Someone (prolly El Dude?) posted here some news about some prominent hodler and bitcoin believer selling at $48-49k. What is happening now? Old boys losing faith? Of course we risk a lot. I haven't sold anything since 2011. In case the price goes down now, I am screwed: I'm sentenced to another 4 years (at least) without Lambos, hookers & blow.   Still I don't consider selling. Why? The cycle is not yet over. We barely touched all the previous blowoff tops and went down immediately which is not something we can witness at $50k mark. So we're probably waiting for a violent multi $10k pump followed by immediate heavy dump? I dunno but I have a gut feeling we (royal we of course) shouldn't sell now.      

[Arriemoller]

And on the topic of taking fiat profits.
What else can you do if you want to buy something or pay of your loans or just have emergency cash in case of a blackout.
It's not like you can use bitcoin for your daily shopping.

[serveria.com]

Sweden might have reached herd immunity.

https://sebastianrushworth.com/2021/01/25/heres-a-graph-they-dont-want-you-to-see/?subscribe=success#blog_subscription-17

You must be joking? "Health and medical information grounded in science"? Maths and science yeah right heard that before. 

I can see no reference on that website of what is the source of that graph? Did he just pull it out of his ass? All in all it's just another fake covidiotic website for peeps with low IQ who are buying that crap.   

[AlcoHoDL]

This is very interesting. Someone (prolly El Dude?) posted here some news about some prominent hodler and bitcoin believer selling at $48-49k. What is happening now? Old boys losing faith? Of course we risk a lot. I haven't sold anything since 2011. In case the price goes down now, I am screwed: I'm sentenced to another 4 years (at least) without Lambos, hookers & blow.   Still I don't consider selling. Why? The cycle is not yet over. We barely touched all the previous blowoff tops and went down immediately which is not something we can witness at $50k mark. So we're probably waiting for a violent multi $10k pump followed by immediate heavy dump? I dunno but I have a gut feeling we (royal we of course) shouldn't sell now.      

OK. I'm going to say it, and many may disagree with me.

Despite all the fiat hate everyone here in WO may be vehemently expressing, I believe that many hardcore HoDLers are actually fiat supporters deep down. They won't openly say it, because they'll get a barrage of posts condemning them, but their actions show it clearly. Comments like "when to sell?", "I'll sell XX% of my stash", "I'm liquidating for my retirement". For some of them, Bitcoin has always been just a means to increase their fiat stash. They don't give a rat's ass about the tech, principles and ideology behind Bitcoin, as long as their wallets end up fat and full of fiat. That is their only goal.

Now, I'm not saying that the above mentality is unjustifiable. There's a reason for it. We were all born into a fiat monetary system, and it is extremely difficult, if not impossible, to completely cleanse our minds from decades of indoctrination. We (still) live in a fiat world. Lambos (and now Teslas) may be Bitcoin-friendly, but not blow, and certainly not hookers, so there's a problem there... Personally, I see fiat as a transient state of wealth, where it is immediately spent to buy the things I want, such as a house, land, equipment, services, etc. I would not liquidate 20 BTC to get $1M just to keep in a bank or fund "for the future". I'd rather keep it in BTC and slowly use (convert into fiat only if such conversion is necessary, and only for the amount required), in order to immediately obtain what I need. I hope there will be a time when I can directly pay for all goods and services with Bitcoin.

I'll close with my usual rainbow footers:

Sell only when you must.
Buy when you can.
Always aim to HoDL.

[friends1980]

No matter what level I'd be in, that citadel looks like my worst nightmare.

Avoiding to end up in such horrendous monstrosity is the exact reason why I'm in crypto in the first place.

[vapourminer]

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

we can always burn fiat

[BitcoinBunny]

And on the topic of taking fiat profits.
What else can you do if you want to buy something or pay of your loans or just have emergency cash in case of a blackout.
It's not like you can use bitcoin for your daily shopping.

If you send me 0.1 BTC I'd happily send you a $500 shop wherever you are. 

[goldkingcoiner]

No matter what level I'd be in, that citadel looks like my worst nightmare.

Avoiding to end up in such horrendous monstrosity is the exact reason why I'm in crypto in the first place.

I think anyone who invests even 1000 USD is going to have a nice time. Remember, this is real money. And will be seen that way sooner or later by the world.

[BitcoinBunny]

This is very interesting. Someone (prolly El Dude?) posted here some news about some prominent hodler and bitcoin believer selling at $48-49k. What is happening now? Old boys losing faith? Of course we risk a lot. I haven't sold anything since 2011. In case the price goes down now, I am screwed: I'm sentenced to another 4 years (at least) without Lambos, hookers & blow.   Still I don't consider selling. Why? The cycle is not yet over. We barely touched all the previous blowoff tops and went down immediately which is not something we can witness at $50k mark. So we're probably waiting for a violent multi $10k pump followed by immediate heavy dump? I dunno but I have a gut feeling we (royal we of course) shouldn't sell now.      

OK. I'm going to say it, and many may disagree with me.

Despite all the fiat hate everyone here in WO may be vehemently expressing, I believe that many hardcore HoDLers are actually fiat supporters deep down. They won't openly say it, because they'll get a barrage of posts condemning them, but their actions show it clearly. Comments like "when to sell?", "I'll sell XX% of my stash", "I'm liquidating for my retirement". For some of them, Bitcoin has always been just a means to increase their fiat stash. They don't give a rat's ass about the tech, principles and ideology behind Bitcoin, as long as their wallets end up fat and full of fiat. That is their only goal.

Now, I'm not saying that the above mentality is unjustifiable. There's a reason for it. We were all born into a fiat monetary system, and it is extremely difficult, if not impossible, to completely cleanse our minds from decades of indoctrination. We (still) live in a fiat world. Lambos (and now Teslas) may be Bitcoin-friendly, but not blow, and certainly not hookers, so there's a problem there... Personally, I see fiat as a transient state of wealth, where it is immediately spent to buy the things I want, such as a house, land, equipment, services, etc. I would not liquidate 20 BTC to get $1M just to keep in a bank or fund "for the future". I'd rather keep it in BTC and slowly use (convert into fiat only if such conversion is necessary, and only for the amount required), in order to immediately obtain what I need. I hope there will be a time when I can directly pay for all goods and services with Bitcoin.

I'll close with my usual rainbow footers:

Sell only when you must.
Buy when you can.
Always aim to HoDL.

I'd be quite happy once the bank I have a mortgage with gets desperate for BTC I can pay off my remaining mortgage with it. I'm hoping that is around the time I foresee BTC reach the $1 million mark (2025-2026). I'd prefer to be able to pay with BTC as I assume tax systems will/should leave me alone and not consider having to fork out extra BTC for capital gains tax which one should do right now when "cashing in" some BTC above a certain monetary fiat level.

What I'm saying is, I don't care it's fiat or BTC and I also don't see why a tax system should benefit from my jumping into BTC earlier than the average institution approach at all. Certainly considering many institutions avoid taking little profit out of companies so that they minimise their own tax bills.

[Arriemoller]

The source as I understand it is SVT, Swedish television website, it says so in the text.

" I’ve been getting most of my statistics from SVT, the Swedish public broadcaster. They had been providing data on the share with antibodies in Stockholm up to a month or two back, when that information discretely disappeared from their website. I wonder why."

[Arriemoller]

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

Gave you you last merit for that, take good care of it.

[_javi_]

What a disgusting poll !! And the results almost made me puke...

So do you really think 2.5x from last cycle is current top??  with all the money printing frenzy ?? c'mon!!

[BitcoinBunny]

What a disgusting poll !! And the results almost made me puke...

So do you really think 2.5x from last cycle is current top??  with all the money printing frenzy ?? c'mon!!

Isn't that the poll that asked for the top at the end of this year?

It will most likely rise well beyond that but may take some time.

It might be a bit like the electric car market, consider how Tesla is pretty much the most valuable car brand after others moved onto full electric far too slowly, leading to bad charging infrastructure and difficulty replicating Tesla's battery tech.

Other institutions will probably get on board with BTC but they are just (too) slow to react.
Once they all do expect things to jump quickly I guess, making a single BTC out of reach for the ordinary person, which it almost already is.