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

[JayJuanGee]

Do we need to post new ATH anymore?

$53,379.00

Going to be a LOT of posts today if we do ...

$53,500!

not complaining, that for sure!... enjoying this!

I am having a feeling that we might be stalled... (another way of saying "stuck")...   At the top of the range, if that makes any fucking sense?

Anyone agree?  Biodom?


 

So now we're going to play tease with 55 for a while I guess.

Se llama:  "stalled"

[Wekkel]

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

People already taunting $1M + for this run.

This is fine.

[Krubster]

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.

Thank you for this, and for elaborating about covered calls.

I'm interested, but it stills feels too much of a gamble to make me feel comfortable. I need to do more research before I take any action in that field. Biodom, I'd like to thank you too. Very informative.

In the meantime, I opened up an account at BlockFi. Registration went smoothly. I just deposited a small sum of to see how this works out. I will keep you updated.

Anyway. Here is my thinking of that. Most of my trading is on a macro level, meaning my trades can take months to execute. If I can earn interest during those trades, should I take that risk and do my trades on BlockFi or any similar trading platform which provides interest? Food for thoughts.

[JayJuanGee]

"But gold is scarce"

An Australian researcher says there is enough gold buried deep within the Earth's core to cover the entire land surface of the planet to a depth of half a metre.

Lol

Yep and multiple asteroids are known to have huge deposits of gold.

So who is flying into outer space ? Musk
Who has spoken of mining asteroids? Musk
Who purchased 1.5 billion worth of BTC?Musk

Hint we  would could be seeing gold get devalued and btc  get super valued in the next ten years.

500k by 2030 = very possible.

Still I sold  small pieces of btc today at 54k and 55k.

I also stacked larger pieces of btc today

Why so bearish, Phillip?

You trying to be conservative on purpose?

Or you really believe what you are saying?

Sure, even if the top-side of this cycle is $100k, then $500k would be reasonably reachable by the end of the next cycle, absent some amazingly bearish happenings.. .so that should reasonably convert your 9 year estimate into bitcoin's $500k-ish price to a 5 year one, no?

Maybe you do not believe in the 4 year fractal?  you believe BTC is going to deviate from that?  Maybe you do not believe in stock to flow (which also incorporates the 4-year fractal)?  or maybe you do not believe in exponential s-curve adoption based on metcalfe principles and networking effects?  Which one(s) you not believe in?  Any?  All?  you have some other model that you are using?  A kind of diminishing returns with later cycles.. less volatility and so therefore less upside and longer waves?  Most of those other models are nonsense by the way.. even if there is frequently going to be logic in any model (even the wrong ones)  but whatever.

New Poll: Who should we clone?

Hal Finney
Hitler
Bill Gates
El_Duderino

Damn why am I in the same list as Hitler? 

hahahahaha

Options, dude... options.

You believe in people having options, don't you?   

[Parazyd]

[JayJuanGee]

I was on the verge of further selling a bit, but i have no idea how to spend the fiat, and i don't need money for finishing my house, yet.

Of course, if you have a specific expense in mind, then it does not hurt to shave a bit of BTC off on the way up, because it could become problematic, if the time comes to spend the money on the house, for example, and you have not adequately prepared for making sure that you have enough money because BTC prices dropped to below they had been when you could have shaved a bit off.

So sure, I am do not have details about what you have in mind, but if you specifically have such expense in 6-12 months, then you could consider shaving off 20% of the expense now.. and then just waiting in regards to what to do for the other 80%..  

In my humble bumble opinion, such 20% shaving would be better than 0% shaving and just waiting it out.. of course, if your house expense might get deferred for a couple of years without anyone getting upset with you because of your gambling addiction, then sure, maybe you could merely wait it out without taking any reasonable/prudent shaving actions..

Another thing is that we do have a decent number of models that suggest that our current cycle is likely to last at least through this calendar year, but sure we also have decent models that reasonably suggest that we could end up with a 2013 style double top rather than a single top, and sure either scenario is possible, including some scenarios that end up causing our current price location to be the top rather than later down the road.. so you are likely in a better place than me, when I was planning expenses in the beginning of 2018 that ended up coming due.. more or less at the end of 2018 at a relatively inconvenient time, as many of us likely realize after the fact and likely even realized during (or immediately before) such late 2018 happenings.

Pumpin' for 57 it seems.

8.5% increase in entire crypto market since yesterday. 

1 trillion in BTC is nothing yet.

In these here parts, we do not measure the "entire crypto market" because 1) we hardly give any shits about some kind of apparent "entire" blah blah blah.. and 2) we tend to have preferences to not get mislead by bullshit idea-ers (such as the cave-dwellers in the cave allegory) when focusing what king daddy is doing or might do.

Sure you might consider what is going on in areas outside of bitcoin and related to bitcoin blah blah blah.. but it remains a bad practice to present such broader ideas as if they were somehow helpful in understanding dee king.

By the way, new ATH spotted while I was writing the second part of this here post, and $58,000 touched upon within the past few seconds.. while typening... of course, expecting such $58k to be broken soon.^tm

[vroom]

it's choppening!

[AlcoHoDL]

Another Sunday, another ATH. Or two...

Dollar-ATH: $58,000 [Bitstamp]
Euro-ATH: 47,815 € [Kraken]

Onwards & upwards!

HoDL.

[Agapios]

New ath on stamp, yipe, my 50 check of price today

I was considering selling 1% at 50k, but i changed my mind lol and sold nothing.

So i moved my plan and i am considering to sell 1% at 100k, but i might change my mind again and sell nothing at 100k.

[Parazyd]

it's choppening!

Get to the CHOPPA

[_javi_]

There was a twat at stamp flashing a mini 15-18 BTC sell wall at $57990..
He saw the tide coming and chickened away (with fewer coins in his pocket)

[Agapios]

Its green green and green on stamp

[d_eddie]

@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.

I think it's perfectly fine to buy gold certificates with btc. Gold certificates are "as good as gold", amirite?
/s

Let's buy gold certificates with btc certificates. They send us paper gold, we send them a pretty email - a pdf file, even! - stating they own the btc. Of course, we keep the keys until we touch the yellow stuff. It's only fair.  

[JayJuanGee]

At $57,600 the price will have doubled in less than a month.

Going from past experience this usually leads to doubling again in about half that time, and then another.

My theory is that the doublings decrease each time.

There's probably TA based around that but I just go by that.

But this market is not like the previous ones.  And I have no idea what that means including it might do exactly what you are predicting.

But we have never had big institutional money coming in like it might be now...  

It may never turn into an unstoppable force and an ummoveable object, but the buyers might just keep appearing while the remaining holders get tighter and tighter.  I am actually more worried this goes hyperparabolic and ends up more vol...

I am going to stop typing.  I have no idea what is coming.  I do not think we have a historical frame for it.

Of course, we have a framework... Don't be coming off as a newbie with your purported statements of futility...        

Merely because the entrants might be BIGGER and more than expected does not signify that they break the models, even if they cause the models to become more bullish than previously expected, and there are even a decent number of credible model creators (and analyzers) who also accounted for scenarios in which the models might end up underperforming actual happenings, but still, does not mean that the model is broken, but could mean that the curves of the models might need to be shifted UPpity, no?

growing to 56000 now, drop to 5600 after

We better brace our lil selfies for the proclamations of a Nostradamus wannabe, also known as aleviaslo.....

 

He's been correct before, right?  hahahahahaha... I really doubt it.

Going from past experience this usually leads to doubling again in about half that time, and then another.

To me it means things are getting frothy. But first $100k  

For sure, continuous doublings in shorter periods of time is hardly sustainable for very much time... but still, there remains a question of "when?"

Good Morning BTCLand ... OMG .... We are $1000 down ... We are in a Bearmarket again ... We all gonna die pur... D:

Let the corn take a breath He run yesterday over 6 miles basically without pause.

It's weekend, maybe we see some dumps to buy the dip (not me, out of fiat) or we see today or tomorrow a new ATH, again. (we have to be careful, not that seeing every day a new ATH begin to boring! )

There's nothing better than a mega-pump right after a dump for ants...

Is your body ready?

hahahahaha

That's for damned sure.

[free-bit.co.in]

https://fiatmarketcap.com/


BTC Dominance: 0.92 %

 

[bitcoinPsycho]

[Sayeds56]

https://fiatmarketcap.com/


BTC Dominance: 0.92 %

 

60K is around the corner now.



https://www.reddit.com/r/CryptoCurrency/comments/lotnge/you_know_youre_in_the_right_direction_when_you/

[Phil_S]

2x from Jan 1 to Feb 21...

[El duderino_]

5 8 K dollars.
Another Bitcoin Sunday.
We are entertained.

[LFC_Bitcoin]

Banks closed on a Sunday.
Bitcoin is never closed.






https://twitter.com/btc_archive/status/1363569029521285122?s=21