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

[xhomerx10]

Red sunday incoming

You on your period?

 That was awesome.  Merit when I get some

[xhomerx10]

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.

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

 Too focused to even look.  I've got my laser eyes on the 100k prize.  I'll come back to this post later though

[macson]

https://thedailychain.com/canadian-bitcoin-etf-attracts-over-400mln-in-investments-in-48-hours/?cookie-state-change=1613919412198

Now the eyes of the institutions are focused on hodlers' bitcoins  

happy expression of a girl when she saw the BBC....BTC I mean

[Slot Kid]

$100,000 per BTC is coming, I can sense it. Something like $300,000 by the end of 2021 would not be a big surprise. It’s vitally important we don’t get seduced by the diminishing power of the $ & end up selling too much bitcoin though.

Sure many of us want to extract life changing money out of bitcoin in this bull run but never sell all your bitcoin. It’s too good of a hedge against the tyranny of fiat monopolisation by greedy, corrupt, incompetent governments.

Sell some but HODL a good %.

[Torque]

@MMCrypto
1 #BITCOIN  IS NOW WORTH MORE THAN 1 KG GOLD!
https://twitter.com/mmcrypto/status/1363467875692994560?s=21

Not if you include the completely ridiculous premium on gold rn.

And good luck even finding a kilo of gold in stock, anywhere.

Another reason that Bitcoin will beat PMs: bitcoin is available to be purchased (and sold) anytime, anywhere, 24/7/365.

[hisslyness]

@MMCrypto
1 #BITCOIN  IS NOW WORTH MORE THAN 1 KG GOLD!
https://twitter.com/mmcrypto/status/1363467875692994560?s=21

Not if you include the completely ridiculous premium on gold rn.

And good luck even finding a kilo of gold in stock, anywhere.

Another reason that Bitcoin will beat PMs: bitcoin is available to be purchased (and sold) anytime, anywhere, 24/7/365.

Good luck getting change for a cup of coffee... That's going to be a BIG tip!

[hisslyness]

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?

 Too focused to even look.  I've got my laser eyes on the 100k prize.  I'll come back to this post later though

If you stare long enough.. you will see she is trying to show you the number 100,000

*** 1 0 0 0 in red on the wall, and, well, the other two "0" are....

[2GOOD]

@MMCrypto
1 #BITCOIN  IS NOW WORTH MORE THAN 1 KG GOLD!
https://twitter.com/mmcrypto/status/1363467875692994560?s=21

This I call a MILESTONE, or should I say a THOUSAND GRAMS STONE 

[xhomerx10]

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?

 Too focused to even look.  I've got my laser eyes on the 100k prize.  I'll come back to this post later though

If you stare long enough.. you will see she is trying to show you the number 100,000

*** 1 0 0 0 in red on the wall, and, well, the other two "0" are....

 staring....

[JimboToronto]

Good morn Bitcoinland.
Five seven four four seven
(Bitcoinaverage).

A new all time high:
Five seven eight forty-four
At Bitstamp (of course).

Thank you Nutildah
And Bawb for all the merits
About buying lake.

Go Bitcoin go... go
Bitcoin go... go Bitcoin go..
Go Bitcoin go... Go!

Red sunday incoming

You on your period?

Post of the day.

(Bring back noob jail).

[d_eddie]

Read the option thingy... But 5 million to be approved... This is a long long way for me.

As I understand it, 5 million for approval is only if you want to write options at different (not preset) strike prices. If you are OK with 25k, 50k, 75k etc, there's no need for approval as long as you post the collateral.

[marcus_of_augustus]

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

... this is the usual brain-dead, half-baked disinformation spin soundbite we all expect from MSM

... less than 1% of the population control the vast majority of the wealth.

... it's not what percentage are going to buy bitcoin but which percentage

... bitcoin is an extremely rare opportunity for people of modest means to take a slice of the future wealth, unfortunately it seems like very few will

... politcians are generally mediocre idiots

[marcus_of_augustus]

It seems like some millionaire-billionaire is pumping our favorite sh!tcoin meme again...   

... corny shitcoin memes

 Dickhead, fuck off with your shitcoin fuckery.

[600watt]

It seems like some millionaire-billionaire is pumping our favorite sh!tcoin meme again...   

... corny shitcoin memes

 Dickhead, fuck off with your shitcoin fuckery.

indeed.

[BobLawblaw]

Observing quarterly shorts being rekt @ $60k USD/BTC

[El duderino_]

[marcus_of_augustus]

Saifedan A. talks with M. Saylor

[shahzadafzal]

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

Worry not.. there's ton of positive news too... they will catch up soon

[JayJuanGee]

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.  

I sold some at $52,1xx

I have more for sale at near $60,000.

These are my first ever significant fiat valued sells since I started buying in 2014.


Oh look $53,000

You got a bit excited LFC, seems to me... but, hey whatever.

It could have been that you did not subscribe to the tentative theory that once BTC breaks above $50k, then it is likely to travel fairly easily into the $58k to $62.5k range.. but sure, once in the  $58k to $62.5k range, who is to say, and also even describing a relatively likely scenario (most likely scenario in comparison to other scenarios), that "most-likely scenario" might still ONLY have less than 40% odds and still end up NOT playing out even if it had the highest odds of any possible scenario then in consideration.

What i am always wonderin, when i read that you guys sell small amounts, i think: why?

At least in my history of trading, i always sold low and bought in high. So in the end i had less BTC.

Of course, selling low and buying high is NOT going to be a good system to follow if you would like to try to improve your financial status.

What makes you so confident to re-enter at a lower level?

Such a philosophy of wanting to buy back lower does not need to be a condition precedent for selling BTC... there are various ways to experience a decent amount of profits and to justify selling certain amounts of BTC along the way UPpity.. and such figuring of how much to sell does not need to be any kind of significant amount that is likely to cause you regret for having had sold.  If you feel that you might have regret for selling, then either you are selling too much or you are selling too early.  You should be able to figure out an amount and a price that does not cause such feelings of possible regret.

Or are you just that bitcoin rich, that it doesn't matter for your stash?

There could be some of that going on, but also, it appears that you, ghandi, are considering the matter too much in terms of extremes, and such extremes are not necessary in order to justify selling some BTC on the way UPpity.

I will concede that in my own particular case, I had overinvested in BTC in 2015-ish.. and maybe even a bit after that, too.. so I have no trepidations in regards to having an ongoing plan and practice of selling BTC at various prices on the way up, whether it was my earliest sells around $250 or my later sales that were at higher prices at various points between $1k and $57k.. So in that sense I have no regrets for whatever BTC I actually did sell between $1k and $57k, even if the BTC price may well never go back below a decent number of the prices within that range..

[Biodom]

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.  

Of course, but could be a good idea if you are buying a ranch and need another mil or so  .
Instead of selling, collect premium on 75-100K Dec. In the worst case-you sold at that 75 or 100 PLUS premium.
Still better than selling at 50ish.

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

Currently 104,173 bitcoin millionaires.

at some point, long time ago I did some rudimentary stat analysis of that on this thread, don't want to try to find it.
basically, we did not significantly increase world millionaire numbers (since there are 46.80 mil or so world-wide).
0.104173/46.8=0.222%, which is stat insignificant.
BTC has to go up approx 20X (to 1.1 mil)  to bring our $ millionaire numbers to above 5% of the world's numbers where it would start to be significant-rough numbers.

More sophisticated calculation below says that for 2.5mil bitcoin $ millionaires to be in existence, btc has to be at $781,250 (and you have to hold 1.28 btc).
https://medium.com/@BambouClub/are-you-in-the-bitcoin-1-a-new-model-of-the