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

[free-bit.co.in]

I'm in big dilemma now, should I buy back now? Or go 50% in now and next 50% in if we touch $40k-$41k? Got $20k on hands now from selling on $55k-$56k (didn't sell all my stash to be clear).

Same here, sitting on 18k eur waiting to buy soonish.

Just bought 0.22BTC (50% of 20k$) on . If it goes down do $40k levels buying it again. I'm anyways in for the long game, but it is a good thing trying to rise my total BTC stash using this correction time of the price. Will see how it plays out. Tomorrow should new deposits of $$$ hit the exchanges?

[LFC_Bitcoin]

It’s time to get the uniform out, El Dude!

[HairyMaclairy]

Dip order @ $44k got filled. Nice.

Yup. Picked some up at $44 & $43k. Have some down in $42k as well.

[philipma1957]

I got some PayPal BTC at 44k

[serveria.com]

So the noobs are shitting their pants don't they? 

[UnDerDoG81]

I'm in big dilemma now, should I buy back now? Or go 50% in now and next 50% in if we touch $40k-$41k? Got $20k on hands now from selling on $55k-$56k (didn't sell all my stash to be clear).

Sold at 57.5k and panic bought back at 47k. I am still very happy about that. So no matter what level you buy, you be in huge profit. I think we are close to deeper pain stage. So the uptrend should not be far away. But guess we have to go sub or close to 40k before up.

[JayJuanGee]

I liked the almost 60k feeling, I felt rich, now not so much.

Edit: I even started buying soft 4 ply toilet paper, back to the cheap generic recycled stuff again.

Now I can relate to the toilet paper edited point... at least in my earlier days in bitcoin.. such as during 2015.. I had to suffer a bit on some of my luxuries..

Furthermore, I feel for you.. and ur lil "old" butt.. .. ..

By the way.. in the past 5 months-ish, i have been traveling, and I have a habit of drinking coffee in the morning and going on walks in the afternoons.. However, if traveling frequently my walks are in areas that I am NOT really clear about the availability (or locations of ) bathroom facilities, and sometimes the coffee that I drink in the mornings can create explosive kinds of situations that carry out into the afternoons.... so I have learned to carry some toilet paper in one of my pockets, but even with relatively nice toilet paper in my pocket, sometimes locations for carrying out "duties" can be quite lacking in luxury.....some branches and garbage lying around...  that's for sure.. especially given the kinds of places that I am sometimes walking.. including the unknown factors as I had suggested.   

Sudden need to go
amongst branches and garbage.
Lay off the coffee?

Maybe many of us have been in similar situations in which we might use facilities within nature, and one of the dangers might be an astray branch that might provide new perspectives towards our #nohomo considerations...... and sometimes if there is a lot of garbage scattered around, I tend to look for dead bodies as well, and have not found any of those, so far.. minus a pet or other kind of animal (no humans, so far.. hate to be the first one.).

Since about 2015-ish, I have been appreciating daily mostly-morning coffees generally drunk with butter, heavy whipping cream and Irish Cream Liquor, so even if I might not be removing my routine from such, there are some days that I do refrain... for funzies and/or other reasons.

[free-bit.co.in]

I'm in big dilemma now, should I buy back now? Or go 50% in now and next 50% in if we touch $40k-$41k? Got $20k on hands now from selling on $55k-$56k (didn't sell all my stash to be clear).

Sold at 57.5k and panic bought back at 47k. I am still very happy about that. So no matter what level you buy, you be in huge profit. I think we are close to deeper pain stage. So the uptrend should not be far away. But guess we have to go sub or close to 40k before up.

Yep, I agree. Will see if we the touch $40k levels, but it will be probably be not very long on the $40k levels as most bigger players are ready to buy up that. Got some orders now ready if it falls to $42.5k,  $41k and $40.2k levels.

[Richy_T]

I am going to concede that $1million does seem like pie in the sky, currently, but is there anyone sane who is going to argue that $1million in this cycle has zero chance.. .. could even be 1% to 15% odds of playing out that high and that outrageous this particular cycle... only a bit more than 20x from today and 2013 there were two cycles that added up to more than 100x (from quite less than $10 in early 2013 to $1,163 by end of 2013), and I frequently argue that 2017 was 78x - but that is starting at $250 as the base in 2015.. but if we start $2,500 as the 2017 base we only get 7.8x.. and if we start $100 as the 2013 base for the second bubble we ONLY get 11x.. .. and at the same time, we know each of these fractals play out differently - and surely it takes more money to get those kinds of BIG ass price rises in BTC in terms of percentages - but we have players coming into the BTC place and removal of liquidity from the markets and even irresponsible government ongoing printing of money that seem to cause circumstances of a perfect storm that does not even cause 20x to 25x from our current BTC prices to be considered as completely outrageous - even though it would surely feel BIG in any estimation of the current situation and the impact of such perception of BTC market cap, even if such BTC market cap of $350k to $1million per BTC might only end up staying on paper for less than a month.... in this cycle...  perhaps, perhaps?  

10k seemed like pie in the sky once upon a time. Yet also inevitable if you believe in the fundamentals. Our poor little monkey brains are ill-equipped to handle outlandish mathematical truths but yet take them in stride when they occur. 1M this cycle though? Almost certainly not. But eventually, surely. We may even be back in the wilderness of long slow downs until next time already (Though this time, it will be much less stressful to me due to the power of hodl). I haven't seen the real FOMO of previous peaks but lower highs, higher lows was always the prediction and there's only so much fiat out there no matter how fast they run the presses. I privately had around 60k for the top this time but there's definitely room for at least one more rally. I guess let's see what happens when the stimulus checks come through.

[JayJuanGee]

I'm in big dilemma now, should I buy back now? Or go 50% in now and next 50% in if we touch $40k-$41k? Got $20k on hands now from selling on $55k-$56k (didn't sell all my stash to be clear).

Surely, peeps here recognize that I remain an incrementalist, so I do not get so excited about trying to time injections of value from prior sales.  The injections are pre-decided (sometimes tweaked a wee bit based on changes in my sentiment), and created in such a way that I give almost no shits about whether they are executed or not except of course I do prefer them to get executed when the BTC price starts getting within a few fractions of a percent of triggering.

I will agree that there can be some times in which it will begin to become perceivable and seemingly obvious that the BTC price is going to go shooting past my orders and not stop.. but even those kinds of perceptions of obviousness does not tend to cause me to make any kinds of significant changes to my system because overall the system is working great to stack both dollars and BTC and to cause them to be available for whatever I would wish, upon discretion. 

Now, of course, if we look at a price movement from $10k-ish up to $58k-ish, we surely could appreciate that a whole hell of a lot of excess dollars were generated (or made available) during that period of time, so there could end up being some discretion regarding whether that excessive quantity needs to be re-thunk or not.  One thing that I did do around early January was to change my buy order increments from $500 to $1,000 and also to remove buy orders that were on the books between $4k-ish and $9k-ish.. -- still keeping some buy orders mid $9ks... so those overall tweaks felt good.. sure there were some tweaks on the upside too, including adding more orders in the UPpity direction - and I did tweak some of the amounts of those down a bit, too.. but not a whole hell of a lot.. but at a level MOAR comfortable to me and what I could see to be happening and considered to have good odds of happening.

[BobLawblaw]

Order @ $43.5k just got filled.

[Richy_T]

I liked the almost 60k feeling, I felt rich, now not so much.

Edit: I even started buying soft 4 ply toilet paper, back to the cheap generic recycled stuff again.

I recommend Costco's brand. Decently priced, decent quality and the rolls aren't excessively narrow like the ones my daughter brought home last week.

[Richy_T]

I liked the almost 60k feeling, I felt rich, now not so much.

Edit: I even started buying soft 4 ply toilet paper, back to the cheap generic recycled stuff again.

I switched to faster internet plan in Dec 2017 because I felt rich, haha.

I'd go to a faster plan but Comcast has the same data limit no matter how fast so all it would mean is we'd get there quicker and have to pay them an overage charge.

[kellrobinson]

Where s = log (usd per btc / $0.02)
and t = 0.093928 * sqrt (days elapsed since 2010-09-08)
The Twopenny Indicator = (s-t) * sqrt(s+t)
The blue trace is the daily closing bitcoin price run through the twopenny equation (named for the denominator of s).
The red traces are constant-dollar lines at $10.33, $463, $7642 and $81550.  These isovalue lines, which intersect the baseline at halvings, are cyclical price drivers.

[Torque]

I liked the almost 60k feeling, I felt rich, now not so much.

Edit: I even started buying soft 4 ply toilet paper, back to the cheap generic recycled stuff again.

I switched to faster internet plan in Dec 2017 because I felt rich, haha.

I stopped grumbling about my bi-monthly grocery bill because I felt rich.

Now I'm back to grumbling again.

[JimboToronto]

Good morn Bitcoinland.
Four three four three four dollars
(Bitcoinaverage).

Bouncing up and down,
Coiling consolidation,
Primed for next leg up.

My birthday today, I'm now 60, got celebrated by the family earlier.
I didn't really care that much when I turned 50, but 60 does make me feel a bit old.
O well,nothing I can do about it, back to the internet and my model rocket rabbithole.

Happy B-day Arrie.

Remember how much
Life seemed to improve after
You reached your 40s?

I think that you'll find
60 is even better
Onward and upward.

[JayJuanGee]

I'm in big dilemma now, should I buy back now? Or go 50% in now and next 50% in if we touch $40k-$41k? Got $20k on hands now from selling on $55k-$56k (didn't sell all my stash to be clear).

Sold at 57.5k and panic bought back at 47k. I am still very happy about that. So no matter what level you buy, you be in huge profit. I think we are close to deeper pain stage. So the uptrend should not be far away. But guess we have to go sub or close to 40k before up.

I am having difficulties considering $43k-ish as "deep pain stage" - especially upon zooming out - but hey, if we get into the lower $20ks or even sub $20k, that might start to feel a bit painful.

Regarding necessity to have "deep pain stage" before moving up or continuing UP, I doubt that such is necessary - even though I do understand the concept of shaking some weak hands, and surely some of the weak hands are likely being shaken with some of our current price dynamics, including where we are at, currently.

[LFC_Bitcoin]

Where the weak hands at yo?



I just BTFD cos I’m a strong handed MF!

[shahzadafzal]

Bitcoin is on my head so much that I saw this news twice on my timeline today and every time I read it “Bitcoin jailed in Singapore.....”

[Wilhelm]

Where the weak hands at yo?



I just BTFD cos I’m a strong handed MF!

Thank you!
I bought some of the dip too....
Will go up soonish(tm)