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

[friends1980]

Elon & Saylor selling under 50K (taking nice profit) to make sure all their buddies have the time to jump aboard?

[Wilhelm]

I’ve been in the game for long enough that I will take some profits. This is to be well off no matter what Bitcoin does. Majority will remain in the HODL for the next cycle...

[marcus_of_augustus]

I'm not really sure if "taking profits" in fiat can really be considered correct phraseology any longer.
I don't think you guys are getting just how far gone the current fiat banking systems are. It's like saying taking profits in Zimbabwe dollars, or taking profits in Venezuelan bolivars, argentine pesos ... at some point it's nonsensical to talk about taking profits if you're buying a higher risk devaluing asset

New poll!

Old Poll:

[El duderino_]

I’ve been in the game for long enough that I will take some profits. This is to be well off no matter what Bitcoin does. Majority will remain in the HODL for the next cycle...

I think its the same like with most price appreciations....

A lot of bitcoiners will sell and miss out on the bigger picture by buying in at 10-20-30k this cycle and sell at 40-50-55-60k

its always been like this and along with all those sellers are strong hands which group increases as well and in every cycle there are new strong hands who join us

I don't say that for example if you invested that of the 100% invested there isn't room for selling, cause there is, just be very rational and don't sell to much. The FIAT ain't worth it and the old BTC which sold will not be cheap anymore.

Also people who have BTC income, its normal to HODL a partial and sell some to maintain life of-course...

[El duderino_]

I'm not really sure if "taking profits" in fiat can really be considered correct phraseology any longer.
I don't think you guys are getting just how far gone the current fiat banking systems are. It's like saying taking profits in Zimbabwe dollars, or taking profits in Venezuelan bolivars, argentine pesos ... at some point it's nonsensical to talk about taking profits if you're buying a higher risk devaluing asset

New poll!

Old Poll:

not completely true, taking some FIAT profits can if the purpose to re invest in something is the reason.

Like some who are fully exposed to BTC and just want some out as of reward and buy some land or housing or old timer car or watch or whatever what makes you happy ... Thats taking profit as well, or some holiday expenses, we have to life live as well before it's too late.

Just some wealth out to start doing different things isn't the worse imho.

It also isn't the meaning of sitting on a stack of corn until its time to crawl in the coffin if you know what I mean.

[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.

[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.