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

[btcbeliever]

"Not your keys, not your Bitcoin."

My coins are not getting out of my deep-freezing cold storage unless there's a really good reason to.

My current salary is more than enough to cover my living expenses, and even some fun part of life. For me, Bitcoin covers two things (in order of importance):

1. Psychological peace of mind that I can do/buy whatever I need, when I need it.
2. Funding my hobbies and fun side of life, without having to look at the price tag before buying the stuff I want.

Bitcoin value has just surpassed the level that enables the above to start happening. Why risk ownership of my Bitcoin, just to earn some interest, and paying it dearly by not being able to sleep at night, worrying if/when celsius.network will go south and take my coins with it? Bitcoin's main benefit is taking out the middleman between the owner and his wealth. Why would I want to add a middleman? Risking messing up something near-100% certain does not make any sense to me. There's no "free lunch" in this life.

"Not your keys, not your Bitcoin."

Edit: Corrected typo.

If you have at least double the btc you need to attain your objective, why not earn 4.5% on your btc with half, or even 1/10th?

Do you hold a bit of fiat savings as well to cover you through the downcycles?  If so, at least get 12.5% return on your fiat-pegged stablecoin.

Nothing is 100% safe in this world, even cold storage.  Diversify.

[dieselmeister]

Good Morning BTC Land. Saw this night a bigger dip. Bought my first long at the bottom and got it closed when btc hit 57k... I made corn out of it, without having fiat at all.
But it's stressful. Don't know if trading is something for me.

Read the option thingy... But 5 million to be approved... This is a long long way for me.
Lending is bad here in Germany. We loose our tax freedom after 1 year for every lend btc. Lend btc are tax free after 10 years than.
So it's a approach for the future, when lending is more secured.

Looked as I mentioned on nexo, they claim to be secured by 100 million (Switzerland) but I don't trust that for now.

[virasog]

What's wrong with mainstream media ? Are they falsely reporting these opinion about bitcoin 

[AlcoHoDL]

Red sunday incoming

Do you have any rational argument to back up what you say or is this just a hunch?

Hé doesn’t have ....

He couldn't have...

...because it won't happen. 

Enjoy da pamp.

[friends1980]

Weekend dumps are so 2020. 2021 is all about weekend pumps.

[_javi_]

300 btc to 60k at stamp.. 

[Parazyd]

300 btc to 60k at stamp.. 

https://www.youtube.com/watch?v=FbFJZUwmUZE

[bitcoinPsycho]

Red sunday incoming

You on your period?

[ivomm]

Red sunday incoming

That didn't age well. 


Meanwhile, a new ATH! 

[HairyMaclairy]

I texted him I have revised it to $260k

I hmm'd and haww'd on that recent BTC sale, to provide liquidity to start building immediately; I don't want to tap my existing accounts if I can avoid it, so I don't feel bad parting with low 2 digits of corn.

Maybe I'm thinking about it all wrong. Maybe I should drain the traditional fiat accounts, as it seems that selling corn, near term, beyond what I have already sodl'd, may not make sense, given the appreciation vs my traditional investment accounts.

Something for me to think about this weekend...

Nice problems to consider.

Maybe compromise and go half & half

[AlcoHoDL]

Feb. 21       - 3 (12%)
Feb. 22       - 4 (16%)
Feb. 23       - 2 (8%)
Feb. 24      - 4 (16%)
Feb. 25       - 1 (4%)
Feb. 26       - 4 (16%)
Feb. 27       - 1 (4%)
Feb. 28       - 0 (0%)
March         - 3 (12%)
After March - 1 (4%)
Never         - 2 (8%)
   
Bearish, I know...

[El duderino_]

Red sunday incoming

Or green dildo?

[Phil_S]

already over 2x page parity 

It will reach 10x page parity before 2023 I bet.

We are aiming for post parity. 

Impossible!

[LoyceV]

What's wrong with mainstream media ? Are they falsely reporting these opinion about bitcoin  

Why couldn't this be correct? There are only 35 million funded Bitcoin addresses, which is less than 0.5% of the number of people on earth. And that percentage gets lower if you account for people who use more than one address.

If 14% of the population wants to invest in Bitcoin, that's huge!

[BitcoinBunny]

What's wrong with mainstream media ? Are they falsely reporting these opinion about bitcoin  

What's wrong with them? A shorter answer would be what's right with them, especially the Clown News Network.
If their scrutinising of the current president was any softer they'd literally place him in a soft play area during questions.

-----------


Nice Sunday pump, heading back to ATH. 60K going to be revealed today?

[heslo]

Red sunday incoming

This aged well

[El duderino_]

[HairyMaclairy]

For anyone considering selling covered calls, just keep in mind this could be a very expensive decision

There is an outside chance that Bitcoin could go to crazy number this year.  A $3.5k payment for giving away all the upside on a $200k sale in December 21 may not be a very good deal at all. It’s only a good deal if you are happy selling at $200k no matter what.  Because the price could be $500k at that time. In that scenario, you just lost $296.5k in value. 

[savetherainforest]

Red sunday incoming

Maybe...    

Maybe not...

For now it holds tight but loose.

It could go for a 2-3 day period of "crash"-ing back to 55K ...

But I do have a strong urge to sell all my bitcoins and start buying sh!tcoins with both hands.          

[macson]

the first place is not the best.  someone who is in the 5 - 8 place is a billionaire now (if they hold that BTC)