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

[aesma]

Last week I had too much work and missed the time corn went over 40000€. Now it's firmly over that. My father is nagging me to sell, to give money to my sister (by selling), I told him countless times I sold enough (too much) and am not going to sell anymore until much higher prices if ever, but he continues, annoying !

Yep... I recall that you were selling a lot in the sub $12k prices and expecting to buy back lower and to keep working the back and forth of BTC's price movements to buy more bitcoin, but that strategy does not work to accumulate bitcoin, it ONLY works to cause you to get "left behind" if you end up selling too much because you are hoping to buy back lower.

Anyhow, many of us learn from various mistakes that we make, and it ends up being too bad if whatever stash that you end up having makes you feel like you did not prepare enough for UP in such a way that you could shave a bit of extra BTC off here and there, if you were to to so choose.

There ends up being a couple of factors to consider, and one is the size of your BTC stash relative to your other investments, and the question about whether you feel that you have accumulated enough BTC.. and then another thing ends up being your average costs per BTC, and if your average cost per BTC might be in the $7k to 9k arena, then you might not feel that your stash is sufficiently profitable to begin to shave off some BTC here and there along the way.  Of course, you feel a bit better to shave off a bit of BTC here and there if your average cost per BTC happens to be either in the lower 4 digits such as below $2k per BTC or even if it is dipping into the triple digits, and there are some OLDer timers here who have even fewer hesitations about scrapping off some BTC here and there because either their average costs per BTC is in the lower three digits, such as below $200 or even in the double or single digits.. rare but still existing in some degree of plentifulness. 

I bought/mined my BTC cheap and got more money out than in so my average cost is negative. But I never had a big number of coins (at most in the low 2 digits). I've done worse than to sell a couple of coins at 12K ! But for sure I didn't expect such a quick rise so soon. I've made my peace, if the price stays where it is I'm OK, if it goes higher I still have an amount that will make me comfortable or life changing depending on where it goes, and if it goes down to around 20K I'm ready to buy.

[aesma]

In another thread I made a quick calculation that might be way off, but maybe not. Instead of looking at the price of all BTC compared to the price of a large company (total value of stocks) or the price of all gold, I looked at the richest people, in BTC on one side and fiat/stock on the other.

I eliminated satoshi as he's an outlier and is also an unknown entity. From what I can find the first few richest individual holders of BTC have about 100 000 BTC each. The richest in fiat have about 200 billion $. If you own 1 BTC, you own 1/100 000 of the wealth of the richest BTC hodler. That's similar to owning 2 million dollars compared to Elon/Bezos.

Something to think about.

[LUCKMCFLY]

Now everyone wants to embed in Bitcoin, I knew this day would come, little by little those who never believed begin to accept Bitcoin.

Bitcoin soars to new high above $52,000; sustainability concerns rise

Anthony Scaramucci, founder and managing partner of hedge fund SkyBridge Capital and former communications director under the Donald Trump administration, also told CNBC in Wednesday he sees bitcoin hitting $100,000 per unit before the year ends, citing supply and demand. SkyBridge is also invested in bitcoin.

Source: https://www.livemint.com/market/cryptocurrency/bitcoin-soars-to-new-high-above-52-000-sustainability-concerns-rise-11613617486410.html

[JayJuanGee]

Last week I had too much work and missed the time corn went over 40000€. Now it's firmly over that. My father is nagging me to sell, to give money to my sister (by selling), I told him countless times I sold enough (too much) and am not going to sell anymore until much higher prices if ever, but he continues, annoying !

Yep... I recall that you were selling a lot in the sub $12k prices and expecting to buy back lower and to keep working the back and forth of BTC's price movements to buy more bitcoin, but that strategy does not work to accumulate bitcoin, it ONLY works to cause you to get "left behind" if you end up selling too much because you are hoping to buy back lower.

Anyhow, many of us learn from various mistakes that we make, and it ends up being too bad if whatever stash that you end up having makes you feel like you did not prepare enough for UP in such a way that you could shave a bit of extra BTC off here and there, if you were to to so choose.

There ends up being a couple of factors to consider, and one is the size of your BTC stash relative to your other investments, and the question about whether you feel that you have accumulated enough BTC.. and then another thing ends up being your average costs per BTC, and if your average cost per BTC might be in the $7k to 9k arena, then you might not feel that your stash is sufficiently profitable to begin to shave off some BTC here and there along the way.  Of course, you feel a bit better to shave off a bit of BTC here and there if your average cost per BTC happens to be either in the lower 4 digits such as below $2k per BTC or even if it is dipping into the triple digits, and there are some OLDer timers here who have even fewer hesitations about scrapping off some BTC here and there because either their average costs per BTC is in the lower three digits, such as below $200 or even in the double or single digits.. rare but still existing in some degree of plentifulness. 

I bought/mined my BTC cheap and got more money out than in so my average cost is negative. But I never had a big number of coins (at most in the low 2 digits). I've done worse than to sell a couple of coins at 12K ! But for sure I didn't expect such a quick rise so soon. I've made my peace, if the price stays where it is I'm OK, if it goes higher I still have an amount that will make me comfortable or life changing depending on where it goes, and if it goes down to around 20K I'm ready to buy.

Fair enough.  If you believe that you have enough coins, then you do not need to continue to accumulate, but if you question if you have enough coins, it might not hurt to continue to accumulate until you reach your target.  But, hey whatever, sounds like you have given quite a bit of thought to your own accumulation situation, but sometimes it may be worthy of reconsidering whether some tweaking might help you to live in even MOAR "peace" with ur lil selfie.  #nohomo

[modrobert]

I keep wondering how useful Bitcoin will be when M1 hyperinflation goes exponential, it still requires some infrastructure like internet to function.

[Richy_T]

So, perhaps the devil is in the details in what I mean by gambling versus investing... because the more that trading is involved, then it can start to seem more like gambling too..... and I suppose that whatever battles that I have with the gambling mindset is a kind of context specific way of bashing behaviors that are shorter term in nature.

I think one of the biggest things to be done is have a plan. It may just have been a cutesy saying on the wallpaper of my upstairs bathroom but without a plan,, it's a lot easier to lie to yourself, have "one last spin" and believe you're going to make it all back on the next big trade. It doesn't appear to have been a big issue for me so far but it pays to be aware of what is happening in our heads (human brains can be tricky things) and seek help if we appear to be acting beyond our rational control. (First red flag is trading alts, of course )

[icopress]

JSRAW, Btway, thanks to you, I came across this idea, ("a year ago, 4 cents could buy 606 satoshis, and it's a pity that we don't use "sats" as a standard, continue to say 0.01 bitcoin, etc") In case there are lightning network fans here, here's a quick LightningATM tutorial written by @21. Overall a very cool concept ...

[JSRAW]

[Richy_T]

This is to show that I'm not a (complete) curmudgeon and because it *is* kinda cool but I'm not a joiner so don't expect it to stick around for long 

[rhomelmabini]

They will surely missed it and they're the one who's been fooled. Who's next?

[JayJuanGee]

This is to show that I'm not a (complete) curmudgeon and because it *is* kinda cool but I'm not a joiner so don't expect it to stick around for long 

Cute lil hat.. You joiner... hahahahahahaha

By the way, I said something similar a couple of years ago when I started to wear mine.

[DaRude]

Now everyone wants to embed in Bitcoin, I knew this day would come, little by little those who never believed begin to accept Bitcoin.

Bitcoin soars to new high above $52,000; sustainability concerns rise

Anthony Scaramucci, founder and managing partner of hedge fund SkyBridge Capital and former communications director under the Donald Trump administration, also told CNBC in Wednesday he sees bitcoin hitting $100,000 per unit before the year ends, citing supply and demand. SkyBridge is also invested in bitcoin.

Source: https://www.livemint.com/market/cryptocurrency/bitcoin-soars-to-new-high-above-52-000-sustainability-concerns-rise-11613617486410.html

BlackRock manages $8.7 Trillion,  that's one company having 9market caps of BTC, they can single handedly add another 0 to the current price

[aesma]

They will surely missed it and they're the one who's been fooled. Who's next?

Imagine buying 5 million $ of BTC in 2013 : more than 10000BTC.

[ElBinBit]

1 Target: 49 700 - complete
2 Target: 50 750 - complete
3 Target: 52 400 - complete

4th target somewhere in the 70k's

1 Target: 49 700 - complete

2 Target: 50 750  complete

3 Target: 52 400  complete

[Phil_S]

They will surely missed it and they're the one who's been fooled. Who's next?

They want to impress people with $5million transaction? How cute.

[dieselmeister]

JSRAW, Btway, thanks to you, I came across this idea, (a year ago, 4 cents could buy 606 satoshis, and it's a pity that we don't use "sats" as a standard, continue to say 0.01 bitcoin, etc.) In case there are lightning network fans here, here's a quick LightningATM tutorial written by @21. Overall a very cool concept ...

Awesome!

[dieselmeister]

Good Morning BTCLand ... No "correction"/dip this night and no ATH also. Hope it isn't going boring for you guys.

let the honey badger get some air for his next move. We all wait for 100k   or maybe there is again some triangles, which only TA guys sees, waiting to be broken... don't know.

Also let see when we get more info from black rock and with how many coins they are "dabling" around (the number can get us more fuel)

[somac.]

A lot of talk about tulips here I see. Of course what a lot of people don't know is that the Tulip story is not what they think it is. See the following paper (unfortuantly locked, scihub might have a free version).

https://link.springer.com/article/10.1007/s11127-006-9074-4

Abstract:

The famous tulipmania, which saw the reported prices of several breeds of tulip bulbs rise to above the value of a furnished luxury house in 17th century Amsterdam, was an artifact created by an implicit conversion of ordinary futures contracts into option contracts in an imperfectly successful attempt by Dutch futures buyers and public officials to bail themselves out of previously incurred speculative losses in the impressively price-efficient, fundamentally driven, market for Dutch tulip contracts. There was thus nothing maniacal about prices in this period. Despite outward appearances, the tulipmania was not a bubble because bubbles require the existence of mutually-agreed-upon prices that exceed fundamental values. The “tulipmania” was simply a period during which the prices in futures contracts had been legally, albeit temporarily, converted into options exercise prices.

[Wekkel]

1 Target: 49 700 - complete
2 Target: 50 750 - complete
3 Target: 52 400 - complete

4th target somewhere in the 70k's

1 Target: 49 700 - complete

2 Target: 50 750  complete

3 Target: 52 400  complete

https://i.imgur.com/j0ReVAD.png

So is there also a target #5?

And #6?

[sirazimuth]

                                         

                                  

 I love the smell of freshly-milled Inconel in the morning!  Gentlemen, this is!

So that original pic was made in a hurry at end of shift. I decided it needed some edits....



Now I need a big ole chunk of silver to carve it out...
 (I might have to for settle for brass, or some such, but no Inconel....that shit blows up cutters like nobody's business!)



^This one just for shitz and giggles cuz I was bored , though I doubt I can mill it out....


GO BITCOIN