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

[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 )

[1714924365]

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[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

[dieselmeister]

https://www.cnbc.com/2021/02/17/bitcoins-next-resistance-level-isnt-until-170k-says-trader.html

Wait ... next "resistence" is at 170k ?! That would be huge...

EDit: I see only an empty page with some ads on it ?! maybe an embedded video what I don't see...

Edit 2: aaaah adblocker!

[Richy_T]

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!)

Maybe cast in pewter?

[xhomerx10]

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 

 I don't believe many in the WO are followers except when it comes to Bitcoin.
 If you decide to give up on it, Erisdiscordia might be interested.

[600watt]

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

but hats off for publicly admitting it. it will give their followers something to think about.  this is a weird phenomenon: individuals or entities with lots of followers that repeat for years that bitcoin is tulip mania have been a great disservice for their followers: kept them from buying bitcoin. i wonder if some of them "feel" some kind of sense of responsibility and give it a second thought. maybe mfool is an example of that.

[Gyrsur]

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 ...

thanks, man!

it is time for a well established Layer2 solution because on-chain fees are high and to expensive for txs < 100 USD.

https://ycharts.com/indicators/bitcoin_average_transaction_fee