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

[shahzadafzal]

Dubai businessman pledges 100,000 Bitcoin, worth $4.8bn, to set up the Miami 2.0 Blockchain Strategy Foundation
This will be the largest Bitcoin investment in history...
https://www.arabianbusiness.com/banking-finance/458881-dubai-businessman-pledges-largest-bitcoin-investment-in-history

[JayJuanGee]

A wild guess: today is the last day to get bitcoin below $3900.

Yes.  The odds of the truth of that assertion are in the less than 25% arena.

So far so good:

Maybe the odds of going below $3,900 again became slightly better than what they were on March 25, but they have not changed by a lot.. I would not even put them above 45% and that 45% is a bit charitable.  You may end up being correct, regarding your guess, but I am not sure what that would be saying, besides you having had gotten lucky in your guess.  Do you find that valuable in how you live your life?  I certainly try to minimize gambling and guessing in how I live my life, but surely once in a while it is fun.. but that is it.. merely fun rather than something to attach much if any significance.

What are the odds of going below $3900 (again) now, @JJG?

NO matter what we should be preparing for both up and down, if you don't want to end up being disappointed, even if your "never below $3,900 again" dart-throwing sorcery-wannabe pronouncement ends up coming true.  

Well, let's just hope that it does come true!

Hey @JJG! Just wondering, what are the odds of going below $3900 (again) now?

 

P.S:

A wild guess: today is the last day to get bitcoin below $3900.

I follow Gemini, and I'm still good:

How come I was getting you mixed up with my double, JSRAW?  I thought that JSRAW made that March/April 2019 prediction about never going below $3,900 and then it is correct that we did not go back below $3,900 until March 2020, and we ONLY went below for a very short time and for only a few dollars.. like the bottom was $3,850 - very difficult to buy that sub $3,900 dip, unless having buy orders already set.

Of course, you are trolling me, yet I will take the bait in part to say that the odds must be less than .5%.. that is less than half of a percent... and let's just call that in the next 10 years.  I would not consider it being fruitful for me to attempt to estimate with any further particulars than less than half of a percent... and really my opinion is just that, the opinion of one random dude on the interwebs (even though my name is not dude).

I decided to send you an smerit Raja_MBZ, mostly because you corrected something in my memory in which I had attributed your various posts to JSRAW, for some strange reason..... rather than rewarding the fact that you seem to be trolling me    about a point that many of us would concede to be a pretty damned low probabilities event.. even though it is a non-zero probability event, at the same time.  

More realistic extremes would be discussing bottoms in which the 208-week moving average might end up getting challenged or revisited, and currently such 208-week moving average is at about $9,300 and it seems to be moving up in the vicinity of about $200 per week in current times.  

https://twitter.com/saifedean/status/1364319372815253507?s=20

Calling him dangerously insane because he argues for synthetic beef isn't a great starter. Producing beef is incredibly wasteful, not to mention you have to butcher an animal.

I guess one could argue that it's dangerous because it's unnatural - but then look around you, your entire world is unnatural. Microplastics in your tap water, VOCs from your home's building materials, what's a little a synthetic meat in the mix?

Oh gawd.. yefi...

you are not going to stand up for synthetic meat, are you?

 

Calling him dangerously insane because he argues for synthetic beef isn't a great starter. Producing beef is incredibly wasteful, not to mention you have to butcher an animal.

I'm a proud carnivore, yet I would gladly switch to synthetic meat when it is similar in taste and cost. There's simply no reason not to.

You don't take nutritiousness into account, or are you merely assuming that if it has a label that says "healthy" then it must be nutritious?  

Calling him dangerously insane because he argues for synthetic beef isn't a great starter. Producing beef is incredibly wasteful, not to mention you have to butcher an animal.

I'm a proud carnivore, yet I would gladly switch to synthetic meat when it is similar in taste and cost. There's simply no reason not to.

Agreed. I see no extra value in the death and suffering of an animal, and would appreciate synth meat if it tasted like the real thing.

Apparently your own health is of less importance.  Go figure?  Actually, you might consider yourself as kind of resilient until you start becoming older and you start to realize that you are more sensitive to eating bad foods than you had been when you were younger and growing up... So for example when I was a kid and even into my 30s.. I ate almost anything.. and I always had a ton of energy during that period.. needless to say, things changed after 30s, and cannot always be sure if diet might have ended up being a negative factor years later after having had partook in some pretty unhealthy eating in earlier years, too.  By the way, pretty athletically active through my 30s, too.. so it's not like I looked out of shape or unhealthy from my dietary choices.

Calling him dangerously insane because he argues for synthetic beef isn't a great starter. Producing beef is incredibly wasteful, not to mention you have to butcher an animal.

I'm a proud carnivore, yet I would gladly switch to synthetic meat when it is similar in taste and cost. There's simply no reason not to.

Agreed. I see no extra value in the death and suffering of an animal, and would appreciate synth meat if it tasted like the real thing.

I have zero issue eating correctly replicated meats.

How do you correctly replicate a meat, exactly?

You mean put it in a petrie dish and let it grow to "correctly replicated" proportions... ?

yeah, right.  

[JSRAW]

[marcus_of_augustus]

... taking the correction lows for the power law puts us in region of 100k early April

[Wekkel]

Bitcoin must be dipping again 

[modrobert]

Can Governments Stop Bitcoin?

In the end, the only way to kill Bitcoin may be to make it so that people don’t need it anymore. If no one wants a devaluation-proof, censorship-resistant, permissionless, borderless, non-discriminatory, teleporting financial asset, then no one will feed it energy, and it will die.

Kill or limit internet.

[dieselmeister]

Calling him dangerously insane because he argues for synthetic beef isn't a great starter. Producing beef is incredibly wasteful, not to mention you have to butcher an animal.

I'm a proud carnivore, yet I would gladly switch to synthetic meat when it is similar in taste and cost. There's simply no reason not to.

Agreed. I see no extra value in the death and suffering of an animal, and would appreciate synth meat if it tasted like the real thing.

I have zero issue eating correctly replicated meats.

Same here. I am fine with it, if the meat doesn't grow on a living thing like a cow or a pig as long as it tasts the same. Why not.

[dieselmeister]

Good Morning BTCLand, Currently on 49800k. We retake the 50k this night and went up around to 51500k. Now we have a little decline for 3.5h. Let'S see what the day bring and hopefully my fellow europeans will buy the shit out of our corn

Btw finally started to listen to "The Bitcorn Standard"... I was bullish ... and I am even more bullish ... So have a nice day.

[El duderino_]

Good Morning BTCLand, Currently on 49800k. We retake the 50k this night and went up around to 51500k. Now we have a little decline for 3.5h. Let'S see what the day bring and hopefully my fellow europeans will buy the shit out of our corn

Btw finally started to listen to "The Bitcorn Standard"... I was bullish ... and I am even more bullish ... So have a nice day.

Listening? Not reading it?

[El duderino_]

... taking the correction lows for the power law puts us in region of 100k early April

[AlcoHoDL]

Good morning WOers!

I see Warren Buffett's wisdom has worked again nicely while I was sleeping. We've crossed $50k, then pulled back to just under it. It's just a matter of time (hours/days) before we leave $50k behind for good. I believe the recent correction showed that there is good support at lower levels. This is not just a bubble ready to pop, as some falsely claim. This will pave the way for a slow and steady rise to $60k, $100k and beyond. I haven't sold a single sat during the dip (and, sadly, I haven't bought a single sat either). We may need some time to reach the above levels, but we will.

My SOMA guess:

Q2: attack on $100k,
Q3: $100k (stable),
Q4: $200~400k (unstable).


Regarding my earlier post/query about Bitcoin-funded Credit Cards, many thanks to those who replied. I checked out 2 companies (Binance and Crypto.com). They both offer such services and I may consider applying there, just for a test drive. Still, IMHO, the best course of action in this matter, as Richy_T has pointed out, is total transparency, i.e., declaring everything and doing things the legal way. Paying taxes too. That way, no one will bother me and question my financial status change (quitting my job while being able to increase my spending activity 10-fold). It's one thing to become super-wealthy, it's quite another to be able to use your wealth without raising red flags and being labeled a criminal. Got to be careful with such things... Fortunately, my expenses and desires are not too extravagant, so I could stay under the radar, but still, this is an issue that needs to be looked at.

BTW, $50k crossed again, and rising.  

[BitcoinBunny]

Today is a big day for me. Thanks to BTC, and partially to you all here, I am debt-free today. I quit my job, and I paid off ten years of debt, now I own my house and a few acres in the clear.
My wife and I live fairly simply. Old paid-for cars (that I can fix), no cable TeeVee. A large garden and a small shooting range in the back yard.

I quit smoking cigarettes, and DCA that amount into BTC. Doing this payoff burned a big chunk of the corn, but  it is a better thing to do for myself, now. We won't be wealthy, but this is the American dream for me. YMMV.

Congratulations. 

[dieselmeister]

Good Morning BTCLand, Currently on 49800k. We retake the 50k this night and went up around to 51500k. Now we have a little decline for 3.5h. Let'S see what the day bring and hopefully my fellow europeans will buy the shit out of our corn

Btw finally started to listen to "The Bitcorn Standard"... I was bullish ... and I am even more bullish ... So have a nice day.

Listening? Not reading it?

i am more of the audiobook guy, because I am often busy and I can hear it on training while I am moving some weights around, which is called sport

[tertius993]

Today is a big day for me. Thanks to BTC, and partially to you all here, I am debt-free today. I quit my job, and I paid off ten years of debt, now I own my house and a few acres in the clear.
My wife and I live fairly simply. Old paid-for cars (that I can fix), no cable TeeVee. A large garden and a small shooting range in the back yard.

I quit smoking cigarettes, and DCA that amount into BTC. Doing this payoff burned a big chunk of the corn, but  it is a better thing to do for myself, now. We won't be wealthy, but this is the American dream for me. YMMV.

Congratulations. 

Agreed fantastic achievement, something to be proud of.

[Gyrsur]

Good morning WOers!

I see Warren Buffett's wisdom has worked again nicely while I was sleeping. We've crossed $50k, then pulled back to just under it. It's just a matter of time (hours/days) before we leave $50k behind for good. I believe the recent correction showed that there is good support at lower levels. This is not just a bubble ready to pop, as some falsely claim. This will pave the way for a slow and steady rise to $60k, $100k and beyond. I haven't sold a single sat during the dip (and, sadly, I haven't bought a single sat either). We may need some time to reach the above levels, but we will.

My SOMA guess:

Q2: attack on $100k,
Q3: $100k (stable),
Q4: $200~400k (unstable).


Regarding my earlier post/query about Bitcoin-funded Credit Cards, many thanks to those who replied. I checked out 2 companies (Binance and Crypto.com). They both offer such services and I may consider applying there, just for a test drive. Still, IMHO, the best course of action in this matter, as Richy_T has pointed out, is total transparency, i.e., declaring everything and doing things the legal way. Paying taxes too. That way, no one will bother me and question my financial status change (quitting my job while being able to increase my spending activity 10-fold). It's one thing to become super-wealthy, it's quite another to be able to use your wealth without raising red flags and being labeled a criminal. Got to be careful with such things... Fortunately, my expenses and desires are not too extravagant, so I could stay under the radar, but still, this is an issue that needs to be looked at.

BTW, $50k crossed again, and rising.  

very important flying under the radar! IMO it means < 1000 EUR transactions BTC to FIAT.  

https://translate.google.com/translate?hl=&sl=de&tl=en&u=https%3A%2F%2Fwww.btc-echo.de%2Fso-will-die-bundesregierung-die-krypto-anonymitaet-einschraenken%2F

[OutOfMemory]

Good morning WOers!

I see Warren Buffett's wisdom has worked again nicely while I was sleeping. We've crossed $50k, then pulled back to just under it. It's just a matter of time (hours/days) before we leave $50k behind for good. I believe the recent correction showed that there is good support at lower levels. This is not just a bubble ready to pop, as some falsely claim. This will pave the way for a slow and steady rise to $60k, $100k and beyond. I haven't sold a single sat during the dip (and, sadly, I haven't bought a single sat either). We may need some time to reach the above levels, but we will.

My SOMA guess:

Q2: attack on $100k,
Q3: $100k (stable),
Q4: $200~400k (unstable).


Regarding my earlier post/query about Bitcoin-funded Credit Cards, many thanks to those who replied. I checked out 2 companies (Binance and Crypto.com). They both offer such services and I may consider applying there, just for a test drive. Still, IMHO, the best course of action in this matter, as Richy_T has pointed out, is total transparency, i.e., declaring everything and doing things the legal way. Paying taxes too. That way, no one will bother me and question my financial status change (quitting my job while being able to increase my spending activity 10-fold). It's one thing to become super-wealthy, it's quite another to be able to use your wealth without raising red flags and being labeled a criminal. Got to be careful with such things... Fortunately, my expenses and desires are not too extravagant, so I could stay under the radar, but still, this is an issue that needs to be looked at.

BTW, $50k crossed again, and rising.  

very important flying under the radar! IMO it means < 1000 EUR transactions BTC to FIAT.  

https://translate.google.com/translate?hl=&sl=de&tl=en&u=https%3A%2F%2Fwww.btc-echo.de%2Fso-will-die-bundesregierung-die-krypto-anonymitaet-einschraenken%2F

Who is using a german online wallet, anyway?
Bitpanda is the only one i can remind, and coinfinity as a broker, but are there more than five services like these based in Germany?
Thanks for the info, might address some people.

* OutOfMemory stroking his hardware wallet

[Karartma1]

Today is a big day for me. Thanks to BTC, and partially to you all here, I am debt-free today. I quit my job, and I paid off ten years of debt, now I own my house and a few acres in the clear.
My wife and I live fairly simply. Old paid-for cars (that I can fix), no cable TeeVee. A large garden and a small shooting range in the back yard.

I quit smoking cigarettes, and DCA that amount into BTC. Doing this payoff burned a big chunk of the corn, but  it is a better thing to do for myself, now. We won't be wealthy, but this is the American dream for me. YMMV.

Can't merit you but these are the stories that resonates the most with me!
Deserved congrats and keep living an healthy life on your very own terms!

@AlcoHoDL and others interested
https://lastbit.io/ this is also a very interesting card to look for

[Gyrsur]

Good morning WOers!

I see Warren Buffett's wisdom has worked again nicely while I was sleeping. We've crossed $50k, then pulled back to just under it. It's just a matter of time (hours/days) before we leave $50k behind for good. I believe the recent correction showed that there is good support at lower levels. This is not just a bubble ready to pop, as some falsely claim. This will pave the way for a slow and steady rise to $60k, $100k and beyond. I haven't sold a single sat during the dip (and, sadly, I haven't bought a single sat either). We may need some time to reach the above levels, but we will.

My SOMA guess:

Q2: attack on $100k,
Q3: $100k (stable),
Q4: $200~400k (unstable).


Regarding my earlier post/query about Bitcoin-funded Credit Cards, many thanks to those who replied. I checked out 2 companies (Binance and Crypto.com). They both offer such services and I may consider applying there, just for a test drive. Still, IMHO, the best course of action in this matter, as Richy_T has pointed out, is total transparency, i.e., declaring everything and doing things the legal way. Paying taxes too. That way, no one will bother me and question my financial status change (quitting my job while being able to increase my spending activity 10-fold). It's one thing to become super-wealthy, it's quite another to be able to use your wealth without raising red flags and being labeled a criminal. Got to be careful with such things... Fortunately, my expenses and desires are not too extravagant, so I could stay under the radar, but still, this is an issue that needs to be looked at.

BTW, $50k crossed again, and rising.  

very important flying under the radar! IMO it means < 1000 EUR transactions BTC to FIAT.  

https://translate.google.com/translate?hl=&sl=de&tl=en&u=https%3A%2F%2Fwww.btc-echo.de%2Fso-will-die-bundesregierung-die-krypto-anonymitaet-einschraenken%2F

Who is using a german online wallet, anyway?
Bitpanda is the only one i can remind, and coinfinity as a broker, but are there more than five services like these based in Germany?
Thanks for the info, might address some people.

* OutOfMemory stroking his hardware wallet

NO, pls read careful the text in your mother tong German.  it means it's in discussion that every buy or sell of FIAT <> Crypto over 1000 EUR will be monitored somehow in a database. we will see how this will play out but expect something in this direction in the future.

EDIT: it could mean if you have a German Bank and you work with Kraken you should stay under 1000 EUR back and forth with Kraken and the Bank. the plan is to copy the anti ML law of gold where the limit is 2000 EUR to be anonymous. but Crypto seams more dangerous for them so the lowered the limit to 1000 EUR. without ANY proof of essential ML in the past. cash is still king for crime.

[Syke]

I'm a proud carnivore, yet I would gladly switch to synthetic meat when it is similar in taste and cost. There's simply no reason not to.

You don't take nutritiousness into account, or are you merely assuming that if it has a label that says "healthy" then it must be nutritious?  

I also take various supplements (pills, nuts, seeds, etc.) to meet 100%+ of all 29 USRDA recommended levels of vitamins and minerals. 100% carnivore-only would be seriously lacking in micronutrients, so let's say I'm 99% carnivore.

[AlcoHoDL]

@Gyrsur, @Karartma1: Thanks guys, for the useful info/links.

@Gyrsur: Yes, using Kraken, and everything goes through Fidor Bank (Munich). When you say 1000 € upper limit, do you mean per transaction? Can I transfer, say, 900 € on the 1st of the month, another 900 € on the 10th, and another 900 € on the 20th, and keep doing this for several months in a row? Haven't yet been able to check the link you provided, sorry if this is already mentioned there.

I know for a fact that we Euro-landers will face difficulties in enjoying our newfound wealth... I think the IRS in the USA are better. They are brutal and check everything, but at least they seem to be more knowledgeable and once you pay your dues they don't bother you. Or so I've heard.