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

[somac.]

Tratitional weekend dump just in time for the upcoming weekly pump. buy the dip people.

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[El duderino_]

Weekend sale....

Gone = Gone

Better be fast and grab some on the cheaper side

[El duderino_]

Tratitional weekend dump just in time for the upcoming weekly pump. buy the dip people.

#rulenr2 BTFD

#rulenr17 always play like a champion

Both rules apply in this situation

[somac.]

Weekend sale....

Gone = Gone

Better be fast and grab some on the cheaper side

Just got money on exchange, buy order set, hopefully I didn't miss it completely.

[UnDerDoG81]

These people who sell are always a step ahead. After 8 years of hodling I was ready to sell my first small amount BTC (not the one I bought Oct 2020) at $59444. And they knew many people will sell at 59k ish so they started the sell off at 57k   Now I will rethink if I sell below $99k  

[d_eddie]

I don't get it, but OK:
https://twitter.com/hashtag/LaserRayUntil100K

Laser eyes are the bitcoiner's mark.

It *was* the cAPSLOCK.

But my 15m are evidently over...

We missed your 15m entirely. You are entitled to reclaim them. As a mild reparation for our failure to acknowledge your paternity of the "Laser Eye Bitcoiner" concept, please accept the following.

+1 WOsMerits


(Yes, sometimes it's appropriate to use the royal "we". Perhaps?)

[somac.]

These people who sell are always a step ahead. After 8 years of hodling I was ready to sell my first small amount BTC (not the one I bought Oct 2020) at $59444. And they knew many people will sell at 59k ish so they started the sell off at 57k   Now I will rethink if I sell below $99k  

How about don't sell at all. At these price levels, there are ways to make an income of 10s of thousands USD a month on your exsisting stash without selling. This applies to stashes under 10 BTC too. Life is good at these levels.

[d_eddie]

These people who sell are always a step ahead. After 8 years of hodling I was ready to sell my first small amount BTC (not the one I bought Oct 2020) at $59444. And they knew many people will sell at 59k ish so they started the sell off at 57k   Now I will rethink if I sell below $99k  

How about don't sell at all. At these price levels, there are ways to make an income of 10s of thousands USD a month on your exsisting stash without selling. This applies to stashes under 10 BTC too. Life is good at these levels.

How about elaborating on that a little more, somac.?  ELI5...

[UnDerDoG81]

These people who sell are always a step ahead. After 8 years of hodling I was ready to sell my first small amount BTC (not the one I bought Oct 2020) at $59444. And they knew many people will sell at 59k ish so they started the sell off at 57k   Now I will rethink if I sell below $99k  

How about don't sell at all. At these price levels, there are ways to make an income of 10s of thousands USD a month on your exsisting stash without selling. This applies to stashes under 10 BTC too. Life is good at these levels.

That shock from the 2017/18 bull run dump still sits very deep. Even though the 2013/14 dump was bad as well, 2017/18 was a real shock. Taking profits in case of a surprising dump is not bad. I know we will pass 100k. But I believe we will see a bigger dump before we pass 60k. If 2013 cycle repeats the real run will be in the end of the year. And between March until end of summer it could be bearish. At the end, we are all just speculating. Some are good at it and some not.

Edit: I am also curious about that income you talking about.

[_javi_]

Subscribed to know about that 10s of income...

 

[somac.]

These people who sell are always a step ahead. After 8 years of hodling I was ready to sell my first small amount BTC (not the one I bought Oct 2020) at $59444. And they knew many people will sell at 59k ish so they started the sell off at 57k   Now I will rethink if I sell below $99k  

How about don't sell at all. At these price levels, there are ways to make an income of 10s of thousands USD a month on your exsisting stash without selling. This applies to stashes under 10 BTC too. Life is good at these levels.

That shock from the 2017/18 bull run dump still sits very deep. Even though the 2013/14 dump was bad as well, 2017/18 was a real shock. Taking profits in case of a surprising dump is not bad. I know we will pass 100k. But I believe we will see a bigger dump before we pass 60k. If 2013 cycle repeats the real run will be in the end of the year. And between March until end of summer it could be bearish. At the end, we are all just speculating. Some are good at it and some not.

Edit: I am also curious about that income you talking about.

I honestly understand, especially if you need money to buy a home or other need. My point really is that you shouldn't sell to buy a lambo or any stupid shit like that.

How about elaborating on that a little more, somac.?   ELI5...

Ways to make an income from your current stash:

1. Lend your coins. celsius.network etc
2. Sell BTC futures
3. Sell BTC covered calls

Take your pick on which works best. And yes for some of those things you may have to deliver but, you are in it for the income, just buy the BTC back, even if it is at a higher a price, rinse and repeat.

Hint: covered calls are a great way to sell you BTC, rather than the traditional sell at certain price point on normal exchange.

[DaRude]

These people who sell are always a step ahead. After 8 years of hodling I was ready to sell my first small amount BTC (not the one I bought Oct 2020) at $59444. And they knew many people will sell at 59k ish so they started the sell off at 57k   Now I will rethink if I sell below $99k  

How about don't sell at all. At these price levels, there are ways to make an income of 10s of thousands USD a month on your exsisting stash without selling. This applies to stashes under 10 BTC too. Life is good at these levels.

How about elaborating on that a little more, somac.?  ELI5...

"10s of thousands USD a month" 10s, plural assuming bare minimum of $20k to stay technically correct.
"under 10 BTC too" assuming BTC10 to stay technically correct (~BTC9.99999999999)

So $240k/yr ($20k/m*12m/yr) on a $556.000 (BTC10*$55.600) so let me tell you about my scam investment that brings ~43%/yr  

[El duderino_]

Weekend sale....

Gone = Gone

Better be fast and grab some on the cheaper side

Just got money on exchange, buy order set, hopefully I didn't miss it completely.

Hero moves = Hero member

Join the group

Congrats

[_javi_]

These people who sell are always a step ahead. After 8 years of hodling I was ready to sell my first small amount BTC (not the one I bought Oct 2020) at $59444. And they knew many people will sell at 59k ish so they started the sell off at 57k   Now I will rethink if I sell below $99k  

How about don't sell at all. At these price levels, there are ways to make an income of 10s of thousands USD a month on your exsisting stash without selling. This applies to stashes under 10 BTC too. Life is good at these levels.

That shock from the 2017/18 bull run dump still sits very deep. Even though the 2013/14 dump was bad as well, 2017/18 was a real shock. Taking profits in case of a surprising dump is not bad. I know we will pass 100k. But I believe we will see a bigger dump before we pass 60k. If 2013 cycle repeats the real run will be in the end of the year. And between March until end of summer it could be bearish. At the end, we are all just speculating. Some are good at it and some not.

Edit: I am also curious about that income you talking about.

I honestly understand, especially if you need money to buy a home or other need. My point really is that you shouldn't sell to buy a lambo or any stupid shit like that.

How about elaborating on that a little more, somac.?   ELI5...

Ways to make an income from your current stash:

1. Lend your coins. celsius.network etc
2. Sell BTC futures
3. Sell BTC covered calls

Take your pick on which works best. And yes for some of those things you may have to deliver but, you are in it for the income, just buy the BTC back, even if it is at a higher a price, rinse and repeat.

Hint: covered calls are a great way to sell you BTC, rather than the traditional sell at certain price point on normal exchange.

ELI5 point missed...

[siggy_77]

These people who sell are always a step ahead. After 8 years of hodling I was ready to sell my first small amount BTC (not the one I bought Oct 2020) at $59444. And they knew many people will sell at 59k ish so they started the sell off at 57k   Now I will rethink if I sell below $99k  

How about don't sell at all. At these price levels, there are ways to make an income of 10s of thousands USD a month on your exsisting stash without selling. This applies to stashes under 10 BTC too. Life is good at these levels.

That shock from the 2017/18 bull run dump still sits very deep. Even though the 2013/14 dump was bad as well, 2017/18 was a real shock. Taking profits in case of a surprising dump is not bad. I know we will pass 100k. But I believe we will see a bigger dump before we pass 60k. If 2013 cycle repeats the real run will be in the end of the year. And between March until end of summer it could be bearish. At the end, we are all just speculating. Some are good at it and some not.

Edit: I am also curious about that income you talking about.

I honestly understand, especially if you need money to buy a home or other need. My point really is that you shouldn't sell to buy a lambo or any stupid shit like that.

How about elaborating on that a little more, somac.?   ELI5...

Ways to make an income from your current stash:

1. Lend your coins. celsius.network etc
2. Sell BTC futures
3. Sell BTC covered calls

Take your pick on which works best. And yes for some of those things you may have to deliver but, you are in it for the income, just buy the BTC back, even if it is at a higher a price, rinse and repeat.

Hint: covered calls are a great way to sell you BTC, rather than the traditional sell at certain price point on normal exchange.

And where is it that I can sell covered calls on BTC?  (note: in the US, so has to be someplace that allows US customers)

[somac.]

These people who sell are always a step ahead. After 8 years of hodling I was ready to sell my first small amount BTC (not the one I bought Oct 2020) at $59444. And they knew many people will sell at 59k ish so they started the sell off at 57k   Now I will rethink if I sell below $99k  

How about don't sell at all. At these price levels, there are ways to make an income of 10s of thousands USD a month on your exsisting stash without selling. This applies to stashes under 10 BTC too. Life is good at these levels.

How about elaborating on that a little more, somac.?   ELI5...

"10s of thousands USD a month" 10s, plural assuming bare minimum of $20k to stay technically correct.
"under 10 BTC too" assuming BTC10 to stay technically correct (~BTC9.99999999999)

So $240k/yr ($20k/m*12m/yr) on a $556.000 (BTC10*$55.600) so let me tell you about my scam investment that brings ~43%/yr  

check out the BTC options markets and do covered calls even at higher strike prices still very profitable.

Edit: check the whole options chain. eg. 88k strike is pretty decent for those who have stashes of 10 BTC

[somac.]

These people who sell are always a step ahead. After 8 years of hodling I was ready to sell my first small amount BTC (not the one I bought Oct 2020) at $59444. And they knew many people will sell at 59k ish so they started the sell off at 57k   Now I will rethink if I sell below $99k  

How about don't sell at all. At these price levels, there are ways to make an income of 10s of thousands USD a month on your exsisting stash without selling. This applies to stashes under 10 BTC too. Life is good at these levels.

That shock from the 2017/18 bull run dump still sits very deep. Even though the 2013/14 dump was bad as well, 2017/18 was a real shock. Taking profits in case of a surprising dump is not bad. I know we will pass 100k. But I believe we will see a bigger dump before we pass 60k. If 2013 cycle repeats the real run will be in the end of the year. And between March until end of summer it could be bearish. At the end, we are all just speculating. Some are good at it and some not.

Edit: I am also curious about that income you talking about.

I honestly understand, especially if you need money to buy a home or other need. My point really is that you shouldn't sell to buy a lambo or any stupid shit like that.

How about elaborating on that a little more, somac.?   ELI5...

Ways to make an income from your current stash:

1. Lend your coins. celsius.network etc
2. Sell BTC futures
3. Sell BTC covered calls

Take your pick on which works best. And yes for some of those things you may have to deliver but, you are in it for the income, just buy the BTC back, even if it is at a higher a price, rinse and repeat.

Hint: covered calls are a great way to sell you BTC, rather than the traditional sell at certain price point on normal exchange.

And where is it that I can sell covered calls on BTC?  (note: in the US, so has to be someplace that allows US customers)

yeah, US may be a problem legal wise.

[OutOfMemory]

These people who sell are always a step ahead. After 8 years of hodling I was ready to sell my first small amount BTC (not the one I bought Oct 2020) at $59444. And they knew many people will sell at 59k ish so they started the sell off at 57k   Now I will rethink if I sell below $99k  

How about don't sell at all. At these price levels, there are ways to make an income of 10s of thousands USD a month on your exsisting stash without selling. This applies to stashes under 10 BTC too. Life is good at these levels.

Talking about lending?

[somac.]

These people who sell are always a step ahead. After 8 years of hodling I was ready to sell my first small amount BTC (not the one I bought Oct 2020) at $59444. And they knew many people will sell at 59k ish so they started the sell off at 57k   Now I will rethink if I sell below $99k  

How about don't sell at all. At these price levels, there are ways to make an income of 10s of thousands USD a month on your exsisting stash without selling. This applies to stashes under 10 BTC too. Life is good at these levels.

Talking about lending?

At the moment I'm writing OTM calls. but lending is viable for those with big enough stashes. I also like futures, best to do all 3 eventually.

I should also add, while it is easy to make 10s of thousands on and already pre-exsisting stash. I am only doing 1 BTC contract at a time. I don't need 10s of thousands as I live like a pauper. But that still nets me 4k a month right now.

[bitmover]

How about elaborating on that a little more, somac.?   ELI5...

Ways to make an income from your current stash:

1. Lend your coins. celsius.network etc

Isnt this also a good way to lose your coins.?
Do we really need income from btc, which already did like thousands per cent in the last months?
This extra income comes with a risky.  Personally,  I am afraid of all those exchanges and defi

I think keeping your coins safe in cold storage is top priority now, at least for me.