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

[hisslyness]

https://twitter.com/CNBC/status/1362405700878614532

"I don't own Bitcoin. I'm not short Bitcoin," says @BillGates



Not short? Neutral view? Baby steps, I guess....

Look at those sly-eyes! Can't believe a word his says!... Him and His Best Pal are BTF-ATH!

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[HairyMaclairy]

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

lol funny. All they've done for the past decade is spam B's search results with "I wouldn't buy Bitcoin, I'd buy such and such shitty stock instead".

Wall Street brokers get savage jealous when a competitor makes a mint on an asset they don’t sell themselves.  Cracks are starting to appear.  Those cats are greedy cats. 

[dieselmeister]

only 17,5 Billion left for 1 trillion  - is this also a psychological barrier or is it more like a financial nerd barrier typ? I mena the number is huge, but the most people did even have no idea what this means...

[HairyMaclairy]

FULL DISCLOSURE: A sell order has been placed at a price target. Looking to officially take some profit to give us liquidity to start building on the land ASAP.

Congrats Bob

[HairyMaclairy]

Can recommend. Make sure you have it configured to run when the grid is out as your installer may not think that through.  

I recall some noise a while back about PV systems having to power down when the grid was down if they were connected to the grid. I don't recall if there was some kind of exception if you had the correct isolation or not though.

Edit: https://thirdsunsolar.com/residential/does-solar-work-in-a-blackout-third-sun-solar/

We have our Tesla configured so we have full power from the panels during a blackout.  We automatically fully isolate from the grid.  But it’s a non-standard configuration.  

Edit; donut beat me to it

[Paashaas]

[Cryptotourist]

BTC is power to the people.

Even if we accept the wildest of conspiracy theories, right now it is still power to the people.
Always has been, and always will be - even if it goes to zero [zero what? - is the real question] one day.

Use it wisely my friends.

[Arriemoller]

so basically, i should move my sells to ~200k from instead of merely ~100k USD like now.

got it.

Well, yeah! You don't want to sell at the bottom, right?

That's one scrawny bottom.

[dieselmeister]

I have to ask, did some sozialists already came up with the term: "Orange Bad Coin"? Or is this maybe the next step?

[philipma1957]

I have to ask, did some sozialists already came up with the term: "Orange Bad Coin"? Or is this maybe the next step?

No but they did say

"Biden best for coin"


Reality is Honey badger don't care Obama Trump Biden Harris whatever

BTC  up up and away

[Arriemoller]

What rocket was it that put Perseverance on Mars?

https://mars.nasa.gov/mars2020/timeline/launch/

Perseverance launched on an Atlas V-541 rocket from Launch Complex 41 at Cape Canaveral Air Force Station, Florida. The Atlas V is one of the largest rockets available for interplanetary flight. This is the same type of rocket that launched the InSight and Curiosity to Mars. The launch vehicle was provided by United Launch Alliance, Centennial Colorado.

https://en.wikipedia.org/wiki/Atlas_V

Atlas V is an expendable launch system and the fifth major version in the Atlas rocket family. It was originally designed by Lockheed Martin, now being operated by United Launch Alliance (ULA), a joint venture between Lockheed Martin and Boeing.

Each Atlas V rocket consists of two main stages. The first stage is powered by a Russian RD-180 engine manufactured by RD Amross and burning kerosene and liquid oxygen. The Centaur upper stage is powered by one or two United States RL10 engine(s) manufactured by Aerojet Rocketdyne and burning liquid hydrogen and liquid oxygen. AJ-60A strap-on solid rocket boosters (SRBs) are used in some configurations and will be replaced by GEM-63 SRBs in the near future. The standard payload fairings are 4.2 or 5.4 m (14 or 18 ft) in diameter with various lengths.

The rocket had a streak of 76 consecutive successful launches between 11 October 2007 and 13 November 2020.

Thank you very much!

[AlcoHoDL]

$50k was a major psychological boundary. As was $10k before it. And maybe $20k.

The next one (in my head at least) is $100k.

$60k, $70k, ... etc., should be easy to pwn.

For the electronics engineers among us, look at the H/V scale of an oscilloscope: x10, x20, x50 x100, etc.  

Things are looking up. Literally!

...and flowers are green.

I am thinking that if I agree with you, AlcoHoDL, which I seem to, and that means, I better get my shit together and start setting my BTC sell orders above $100k.

As I said earlier, I had most of my BTC sell orders up to about $35k that had been set since about late 2017, and sure I tweaked some of those BTC sell orders between late 2017 and about October of 2020, but those BTC sell were not really put into question until about early November 2020 when $13,880 was broken.. and we kind of went on a tear since then.. and even if there were some signs of an impending tear in September/October.

So, yeah sometime in November 2020, I had to make sure that I had BTC sell orders up to the $50ks, but then it did not take too long before those up to $50k sell orders did not seem to be sufficient - so in about late December we had broken pretty decisively through deadman's zone (which was the $17,250-ish to $23,500-ish) price range, and there seemed like no real desire of king daddy to either stagnate or to have any meaningful corrections until about early or mid-January, but already by late December, it seemed justifiable to me to make sure that I was covered with my buy orders up to $100k - and now, I am thinking that I should cover at least through $150k, but probably it would be more prudent to get my BTC sell orders set up to $200k.. because none of us can really appreciate how fast things might move, but setting the sell orders up to $200k would likely allow me a wee bit more breathing space in terms of at what point the next setting of BTC sell orders might get triggered because as you seem to suggest, AlcoHoDL, a quick doubling becomes decently easy to achieve in bitcoinlandia once certain thresholds are passed.. and I cannot really argue with that way of framing our current BTC price dynamics.

I hope I'm not steering you towards a sub-optimal strategy, Jay. Psychological thresholds do exist, and breaking them is harder than any other random price value. It doesn't really make any sense from a purely scientific/mathematical point of view. It's the same when you ask someone about the chances of rolling a dice 6 times and getting "3, 1, 4, 3, 6, 2" vs. "6, 6, 6, 6, 6, 6". Most people would give the first sequence a much higher probability than the second sequence, when, in reality, they both have exactly the same probability of occurring.

So, we should pay attention to those psychological thresholds and boundaries, because they do occur, since there are humans involved in the trades. Regarding {..., x10, x20, x50 x100, ...}, that's always been the standard scale for many different things. Will there be any relevance to Bitcoin price action in the coming days/weeks/months? Who knows? In my case, I don't put sell orders in future dates, except for tiny amounts of coins (maybe up to 1 BTC) which I keep on exchanges. The vast majority of my coins are in cold storage, and cannot take part in automatic trades (not you keys...). I'm OK with that. I know that by following some type of plan or strategy for making use of my coins, could end up increasing my stash and/or fiat wealth, possibly substantially, but I have chosen the path of HoDLing, which gives me the peace of mind of keeping my coins outside of exchanges, and not having to worry about setting up buy/sell orders and always being on alert for trading adjustments, etc. I'm not a greedy person (at least, I'd like to think so), and I'm more than satisfied with what I've got. I don't want to mess with something that's already actively freeing me from any financial dependence and allowing me to make most of my (not too grandiose) dreams come true.

hard to be productive when btc is on ATH rodeorocket launch.

But you are productive! You own Bitcoin, don't you?

That's a bit of a stretch of a way to describe "productive," even though I cannot really disagree with that concept, either.

There is something that seems unique about bitcoin involvement that makes it seem as if mere speculation might need to be reframed into a kind of productivity, even though there are quite a few bitcoin naysayers and even folks who are against traders that like to suggest that "trading" is a kind of pariah activity.. sure, I am convoluting the concept of speculation and trading, but whatever, I don't claim to be any kind of genius with my various spur of the moment spewing of opinions.

My above comment to 600watt was meant as a semi-joke, with a hint of Warren Buffet wisdom. It's a fact that simply owning BTC for 5+ years has "produced" wealth that is substantially larger than the wealth both my parents combined have managed to produce in their entire working lives. Now, I know that waking up in the morning richer than when you went to bed the previous night may not be considered as being productive in the conventional sense, but I'm happy regardless of how one may call it. It beats any other form of income in my book...

[Arriemoller]

What you talking about?  Check the poll

Well, I voted "after 22" (I was expecting 23).
It's not possible to have everybody get it right every time 

Disagree!

Always be optimistic, the worst that can happen is you being happy for no reason.

[AlcoHoDL]

I am 28 with 12 Experience-Points ... I couldn't convince my father in bitcoin. He text me the Price if it's goes up, but he don't want no for himself.
But I bought for him anyway, after I bought him a car and he gave me a little money to not have a bad feeling, that I bought him a car - march 2018 the btc was falling. So someday, I gave him a huge amount of money, and he can spend it

I also couldn't convince my brother. At least not yet!

I stopped trying to convince people. Now others are trying to convince me to show them how. Yeah, right. It was fun for them when I was trying to explain Bitcoin to them and they were laughing at my face. "Google it" is my reply now. I can't be bothered.

I only did this because it is my family. I don't care about other in this case

Yes, I can understand that. One of my family members listened to me. He is 4x of what he invested. If he had not played with shitcoins he would now be 12x. I calculated it for him, but he now insists altcoins are his way to the moon. Good luck to him.

BTW, another ATH: $51,316.71 $51,459.29

Yep... a kind of gambler's mentality that may or may not end up working out.  Seems that the odds are against such mentality playing out to make up for losses that he already made by failing to adequately be in bitcoin and what he would be able to achieve by just sticking with king daddy.  

Never know?  Never know?  in terms of gambling actually paying off and surely if he does end up picking his shitcoins correctly, AlcoHoDL, you will probably never hear the end of it, just like you are likely NOT going to forget his ongoing dumbness for already having had underperformed because of getting involved in shitcoins nor will you forget if his portfolio underperforms bitcoin (to the extent that the gambler actually discloses the truth to you, and gamblers do tend to have loose connections with actual truth rather than the truth that they imagine to be the case).

So true. It does relate to those psychological threshold I commented on, in my earlier reply. Humans tend to act on emotion, intuition, gut feeling and assumptions that are not always based on facts. This, coupled with weak (or non-existent) understanding of the coins (including Bitcoin) that they invest in, could lead to sub-optimal performance at best, or a complete disaster at worst.

From my experience in advising others to invest in Bitcoin, the "Bitcoin is too expensive, I cannot possibly buy one" line is the number one reason newbies tend to choose shitcoins over Bitcoin. Perhaps it's time to adopt mBTC (of even satoshi at some point in the near future) as the unit of value of Bitcoin.

[Dabs]

The "Loaded" guy that had 40k moved it from a legacy address to a native segwit one, where it currently sits now.

Loaded still holding on to his stash? Got a link to address? BTC40k is worth over $2B miss that guy, remember him smacking Risto around when he got out of hand

I actually tracked it from the original address and found it does link to the final destination. He's not using any mixing or tumbling, just moving it from one address to another.

bc1q5shngj24323nsrmxv99st02na6srekfctt30ch

What I did do now is simply look up the rich list, and, well, there you go, 40k BTC in one address.

https://bitinfocharts.com/top-100-richest-bitcoin-addresses.html

You can also see that several wallets have been identified as multi-sig, 2-of-3, 3-of-7, 3-of-4.

It's the really long addresses I'm curious about, I think they are the native segwit multi-sig ones. I haven't gotten around to setting up my own, I'll experiment and see if that's what it is.

[Torque]

Found this blast from the past on an old laptop.

This guy never bought back in after the bottom. Just proves that day traders will never win; just buy and hodl for the long term.

As it happens I never shorted at $520 and I never shorted at $430 either just as I amn't going to short now. Whether my $200 range call comes good anytime soon I don't know, but Bitcoin testing $360 is looking very very likely. Infact, I would go as far as to say that it is already written on the wall

I am not saying sub $300 this weekend. I am saying next significant support level is $260. Sooner or later, Bitcoin is going to have to test the upper resistance or the lower support. It seems pretty obvious to me which is the more likely of the two scenarios to play out.

I will take a much longer break from Bitcoin than 6 months. I have been against Bitcoin philosophically for some time but was addicted to trading it cos I was winning. Now that I am losing, I have no further interest in it. I will be back here to indulge in some empty gloating when Bitcoin hits $200 range like I said it would....and it will.

Sorry Ibian old bean, but $200 range it will be. Bitcoin takes these near vertical counter trend price spikes, rises 40% within a few days and then we find time and time again that there is no demand for Bitcoin at these levels cos the only real demand for Bitcoin is speculative demand. If people can't make money from it then they don't buy it and start selling it.

My advice to n00bs coming to Bitcoin now is don't buy Bitcoin right now. 1 day MACD is about to cross to the downside and with the manipulated short squeezing pump up to $540 aside, there is absolutely not enough interest in Bitcoin at these prices, to sustain these prices. Bitcoin is going to $200 range. I would recommend an upper $200 buy-in order and even if Bitcoin drops a whole lot further than this, there will always be an opportunity for the n00b investor to break even if he enters at a $260-$300 range. Buy-in now at $450 and by the end of next week, you may never see the $450 Bitcoin again for a very long time. Perhaps such a long time that your tolerance for loss will break and you will cash out taking a substantial hair cut.

I would certainly look to buy in sub $300 territory with a belief that a strong reversal must surely be on the cards should Bitcoin touch into the $200 range. Failing that, whenever I see an opportunity for a bit of upside and I feel comfortable enough being long Bitcoin. I was long Bitcoin just a couple of days ago, but didn't feel comfortable with it so cashed right back out.

You are last person that I would take Bitcoin call from. I just want to let you know that.
And I never said $200, I said $200 range. If Bitcoin hits $299, then I am right.

I am bearish on Bitcoin because it has been going down overall and will continue to do so. With that said, I shall never short Bitcoin again as I have discovered that engaging in this activity opens a whole psychological can of worms that I am not good at dealing with. By the same token, I shall never use leverage in Bitcoin ever again. The next time I shall buy Bitcoins is when we are back down at the lower range of the trendline. Next stop mid $200 range.

Once $380 support fails, then this will instigate a massive psychological change in the market, turning formerly strong hands to weak hands. Then the Bitcoin market will get to know all about despair. I said before, I reckon the $200 range lies ahead in the not too distant future. Quote me for truth if you like.

I have (practically) no market position that is affecting my emotional state. I say Bitcoin is going back to $200 range. If I am proven wrong than I shall be ready to jump back on if/when Bitcoin takes out and holds above important resistances (first being $480-$490), but will of course drop the lot the minute things start to look a bit shaky, as for me, my better instincts tell me that the writing is on the wall for Bitcoin.

In fact, I can't and won't give you credit for being "right" unless we see 250. That's your call. So until then, why don't you go do something else or stop beating your chest for things most other people know too.

$250 wasn't my call!

$200 Range is my call! Maybe not tomorrow, nor the day or week after that....But Bitcoin will grind painfully down over the course of time, interspersed with the odd 'spirit rekindling' counter trend rally of course. My sentiment couldn't be more apathetic right now, but when I put my mind  or energies into anything, I generally find myself ahead of the trend.

MatTheCat is calling $200 range Bitcoin! Before any further ATH can ever be seen, if indeed any ATHs are ever seen again. If this doesn't transpire, then everyone can quote this statement for truth to eternity whenever I rear my head on this forum.

[Wekkel]

Traders can win if they are agnostic to the direction and hold no grudges. That's where things usually go wrong 

[BobLawblaw]

Woke up to my sell order @ $52,500 being filled.

Damn it feels good to be a gangster. Can't wait to break ground on the ranch!!!

Gentlemen.

[vapourminer]

Woke up to my sell order @ $52,500 being filled.

Damn it feels good to be a gangster. Can't wait to break ground on the ranch!!!

Gentlemen.

sweet


instead of breaking ground with the traditional gold shovel, how about a gold plated rusty pipe to make that 1st mark.

[SATWAT]

Woke up to my sell order @ $52,500 being filled.

Damn it feels good to be a gangster. Can't wait to break ground on the ranch!!!

Gentlemen.

My small order filled on $52,700 now looking for other on $53,500 hopefully this will also filled.

If this filled then next is $60,000.