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

[suchmoon]

Candidate for a poll:

What's your average Bitcoin buy price?

< $1
$1 - $10
$11 - $100
$101 - $1,000
$1,001 - $2,000   <--- I am here.
$2,001 - $5,000
$5,001 - $10,000
$10,001 - $20,000
$20,001 - $50,000
> $50,000
I don't own any.
I mined it all.
I mindrusted it all!

I mined what I have, and sold (yeah yeah spare me the righteous indignation) enough to cover the costs and then some, so I guess it counts as < $1 (or below zero) out of pocket. Or is this partial mindrusting?

[1713508011]

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[serveria.com]

Candidate for a poll:

What's your average Bitcoin buy price?

< $1
$1 - $10
$11 - $100
$101 - $1,000
$1,001 - $2,000   <--- I am here.
$2,001 - $5,000
$5,001 - $10,000
$10,001 - $20,000
$20,001 - $50,000
> $50,000
I don't own any.
I mined it all.
I mindrusted it all!

I mined what I have, and sold (yeah yeah spare me the righteous indignation) enough to cover the costs and then some, so I guess it counts as < $1 (or below zero) out of pocket. Or is this partial mindrusting?

Not really mindrusted. I'm sure you've heard mindrust's story? 

[Wilhelm]

He BTFD once again!


https://twitter.com/michael_saylor/status/1367824821011296257?s=20

More details here

PLS Note: 16 seconds reaction time. Screengrab and post to WO. You're welcome.

“At an average price of ~$24,119 per bitcoin”  
It’s ok I don’t own ~91,064 bitcoins but still my average buy is way better at $9,071 per bitcoin.

Candidate for a poll:

What's your average Bitcoin buy price?

< $1
$1 - $10
$11 - $100
$101 - $1,000
$1,001 - $2,000   <--- I am here.
$2,001 - $5,000
$5,001 - $10,000
$10,001 - $20,000
$20,001 - $50,000
> $50,000
I don't own any.
I mined it all.
I mindrusted it all!

Started at $11 - $100 with mining on two GPU's
But my average is $101 - $1000 I would guess

Mostly in the HODL

[Richy_T]

Not really mindrusted. I'm sure you've heard mindrust's story? 

It's not a story the Jedi would tell you.

[OutOfMemory]

He BTFD once again!


https://twitter.com/michael_saylor/status/1367824821011296257?s=20

More details here

PLS Note: 16 seconds reaction time. Screengrab and post to WO. You're welcome.

“At an average price of ~$24,119 per bitcoin”  
It’s ok I don’t own ~91,064 bitcoins but still my average buy is way better at $9,071 per bitcoin.

Candidate for a poll:

What's your average Bitcoin buy price?

< $1
$1 - $10
$11 - $100
$101 - $1,000
$1,001 - $2,000   <--- I am here.
$2,001 - $5,000
$5,001 - $10,000
$10,001 - $20,000
$20,001 - $50,000
> $50,000
I don't own any.
I mined it all.
I mindrusted it all!

< $1
$1 - $10
$11 - $100
$101 - $1,000
$1,001 - $2,000   
$2,001 - $5,000
$5,001 - $10,000  <--- I am here.
$10,001 - $20,000
$20,001 - $50,000
> $50,000
I don't own any.
I mined it all.
I mindrusted it all!

Started at $2.8k in 2017, bought my most expensive satoshis at $15k back then, saved fiat and doubled up at $6k last year, accumulated a bit more through 2020/21 but these buys were over $20k and thus less in volume.

[JayJuanGee]

and again ... shortly up to 50,6k ... now down again in very short time under 50k ... no manipulation at all ... pure market ...

That is be called Koreck.

BTC price bounce around with a range and also, from time to time move outside of that range in which they had been bouncing.... so fuck off with your lame ass "manipulation" theories..  Such manipulation exists in all markets and are no greater in BTC (in the whole scheme of things and relatively speaking) than they are in other markets.

Better to attempt to be more accepting of the variety of factors that contribute to BTC price dynamics and movements than to get caught up on baloney, misleading - I am the victim fear-inspired perspectives.

BUT could been a long REKT ... But I would suggest a short REKT when the price gone up ...

Of course, we remain largely in a bullmarket so the odds for UP are considerably greater than the odds for down, even though it could take 6 months to play out a correction or the correction could end up going quite low, but still does not take away from the overall and ongoing bullish dynamics.. so those who are getting Reckt are more likely the ones fucking around with leverage, failing refusing to emphasize accumulation and failing and refusing to emphasize long/and BTC accumulation.

So get reckt if you like .. there are alot of peeps who have gotten reckt in various bull bitcoin markets, even though it should be a bit of a no brainer by now, but hey there are peeps who are way smarter than the HODLers and accumulators.... and historical examples and references including very credible and persuasive BTC price prediction models not going to change the dynamics of those who are smarter than everyone else.

[shahzadafzal]

$1,001 - $2,000   <--- I am here.

Freeroll (cashed out more than I put in)   <--- I am here.

Angel Investor   <--- I am here.

it counts as < $1 (or below zero) out of pocket

Started at $11 - $100 with mining on two GPU's
But my average is $101 - $1000 I would guess

[JayJuanGee]

OT: Time to rant again.

How the fuck do we not have a U.S.-based Bitcoin ETF yet, but dogshit ETFs like this exist?

https://www.cnbc.com/2021/03/04/buzz-etf-tracking-social-media-sentiment-launches-thursday-amid-reddit-manias-in-stocks.html

Buzz ETF? Momo (FOMO) ETF? Un-fkn-believable!  

Because the powers that be are a combination of clueless (this one is decreasing) and afraid (this one is increasing).

The powers that be happen to be "smarter than the rest of us" in regards to knowing to what is "good for us."


didn't u guys know (or lurn) nuttin?

By dee way... bitcoin no doesn't give no shits regarding whether ETF or no ETF.

[Biodom]

Such a great feeling to go out shopping, come back a couple of hours later and realise that while you were out you made 400 times the money you spent shopping.

Man, next time I'll be buying a few more things...

Onwards & upwards!

HoDL.

I know the feeling when your btc balance in $ goes up and down a shitload of money and you don't think too much about it

There are surely some folks who were bitcoin millionaires in the sub $10k BTC prices.. maybe even they had a couple of million in bitcoin, and then BTC prices went to $58k, and maybe even with the current correction that is approaching $45k-ish, their $1million to $2million had gone up  to nearly $6 million to $12million and then come back down to $4.5 to $9million...

What if some of those BTC HODLer folks shaved off a few hundred thousand or even a $million or more of their BTC stash (to value their wealth in dollars for a period of time), their BTC portfolio may well not even feel depleted in any kind of meaningful or material kind of way in terms of their still being prepared for more UPpity or just ready, willing and able to leave all of their cashed out fiat on the table in the event that they are not able to buy back in (and they end up "suffering" with a wee bit of a smaller BTC stash that is only worth currently at values in the $3.5 to $7 million range rather than $4.5 to $9million)... May not be a BIG deal either way for some of these folks to apparently be "suffering" from delusions about temporary fiat value, whether BTC is all of their wealth or they might have some of their wealth (or take some opportunities to put some of their wealth) in other areas as well.  AmiNOTrite?

thanks for letting us know your stash.  

what would be the combined stash size of all WO hats?

how many hats are there?
100? 200?
I would guesstimate, maybe 10-20K btc, could be even 100K btc, but that would be with high uncertainty due to highly unknown values for people who were here before 2013.
Easily $1 bil in value. BTW, when calculating average, do you take into account already taken gains (which decrease the average, obviously)?

I am not gong to be as specific as @JJG, but someone recently told me that "you can hold all you want, but considering our circumstances, I will just start spending on things that I want...[proceeded with house renovation and garden stuff]". I didn't have the heart to say "no", albeit I think that buying a brand new or recent house beats "renovation". The problem is, I have difficulty spending much beyond my salary, considering that btc might go to $5mil, eventually. I have no such qualms about the 'unmentionables', though, so it should work out.

About Liu Cixin's "Dark Forest"-that's a very good book in the trilogy, super suspenseful, but I would start with the first book-"Three body problem".
I am reading the third book ("Death's end") right now and so far it does not go as smoothly, but I am only halfway through.

[virasog]

[JayJuanGee]

Seems straightforward then. We bulldoze San Francisco and cover it in solar panels.

San Fran was one of the coolest cities on the planet...

Too bad your idea is actually a good one.

Grab a salt plane. It will save you the time of making SF flat....

Some peeps just cannot control themselves in their desires to get their lil digs in at various BIG cities, as if matters would be resolved by strategically taking some of them out..  

It is a kind of lack of realistic thinking to be considering some places as "lost causes" ... but yeah, part of the reason that some rich peeps like to create wars against other rich peeps comes from these kinds of unwillingness to accept variations in thinkenings, ways of life and cultures and figuring out ways to come up with compromising systems.. and sure bitcoin could help with some of this, but might not be able to fix all of these kinds of seek and destroy kinds of thinkenings... bitcoin does seem to do quite well in embracing competitive distrust, though.. so in that sense, we do not all need to agree and there can remain folks who are still accepted in society even though they maintain self-preservation incentives and internal thinkenings to destroy others.

and again ... shortly up to 50,6k ... now down again in very short time under 50k ... no manipulation at all ... pure market ...


BUT could been a long REKT ... But I would suggest a short REKT when the price gone up ...

AFAIK honey badger still doesn't care.
It's just your emotions that make these market movements unpleasant to you.
I recommend to tune down the emotions. Just accept "the manipulation" (put inside quotes because, well... nobody can prove it's manipulation actually).
Disconnect from wishful thinking. You can still choose to be euphoric on the next pump, but remember these exciting times and just barely look cool at the following dumps and range chopping. Cool as ice   (Sorry, i heard vanilla on the radio today, this one hit wonder song hooked me when i was a teenager).
Do yourself something good today  

>>>>>>You can still choose to be euphoric on the next pump, but remember these exciting times and just barely look cool at the following dumps and range chopping. <<<<<<

Sure, I don't know about how other guys think exactly, even though we get some glimpses into these matters along the way of our various pumpenings and dumpenings (if you want to call them that), but surely these current dumpenings are dumpenings for ants.. so let's get real..

We are in a great place, and hardly any reason to look back because we can look at the present and appreciate where we are at... sure, having such appreciation for where we are at does not concede that the pumpenings are over or even accept that more dumpenings could happen.. blah blah.. but even a 45% dumpening down to $32k-ish  does not even bring us out of our bullrun.. we would need way more than a 45% dumpening to accomplish that...

In this particular bullrun, since early September, there has been a lot of difficult getting and even sustaining dumpenings of greater than 20% to 25%.. so hardly any reason to NOT already being celebrating the fuck out of where we are at.. no matter where the BTC price might go in the future, up, down or flat.. and many of us already appreciate that the odds of UPpity remain in favor, even if some of us (not mentioning any names, here) might have some troubles getting beyond 54% in terms of such confidences...  

Price going down yo!

It's an illusion, yo!

Price going down yo!

Price will go up again as well....

But never above ATH as I confirmed.

Interesting perspective.

You don't say?

Should have known it was time to sell when CNN had a positive article saying bitcoin could triple.

that's part of the explanation for your username, which seems to continuously show through posted examples of doing the opposite of what you should be doing.... or at least, you should be considering accumulation and ongoing accumulation rather than trying to time BTC price movements that have nearly equal chances of going either way.. and of course some biasness in regards to UPpity.

Go figure.

[bitebits]

https://www.bloomberg.com/news/videos/2021-03-04/bitcoin-going-to-infiniti-kraken-ceo-video

[JimboToronto]

Good afternoon Bitcoinland.

Still bouncing sideways $48431USD/$61331CAD (Bitcoinaverage).

The battle for $50k wont be over until we pass $60k.

Go Bitcoin go.

Bitcoin could prevent society from functioning and is an ‘extreme form of libertarian anarchism,’ warns this fund manager
https://www.marketwatch.com/story/bitcoin-could-prevent-society-from-functioning-and-is-an-extreme-form-of-libertarian-anarchism-warns-this-fund-manager-11614937228?siteid=yhoof2

Same old inaccurate BS by a uninformed FUDster with a vested interest in the status quo:

“Bitcoin mining mostly takes place in Asian economies (65% in China) where the electricity supply is from coal and other fossil fuels,” he said. “We can therefore calculate that bitcoin mining produces around 55 million metric tons of CO2 [carbon dioxide] a year, equivalent to the annual CO2 emissions of Finland and more than the emissions of countries such as Denmark, Sweden and Norway.

“Bitcoin has therefore added CO2 emissions equivalent to the annual output of a medium-sized advanced economy. And as the bitcoin price rallies, so the mining activity will intensify, producing even higher levels of CO2 emissions.

“It is difficult to think of any other human activity that is simultaneously quite so pointless and quite so damaging to the planet.”

I thought that China's Bitcoin miners' reliance on cheap hydroelectric power was the reason most are located in western China (with many building their own dams) and the reason for a seasonal hashing dip with the dry season. Oh noes. It's all those nasty hydroelectric emissions!

That one's complete crap. Now can we move on to drugs, money laundering, kiddie porn and terrorism please?  

[OutOfMemory]

Seems straightforward then. We bulldoze San Francisco and cover it in solar panels.

San Fran was one of the coolest cities on the planet...

Too bad your idea is actually a good one.

Grab a salt plane. It will save you the time of making SF flat....

Some peeps just cannot control themselves in their desires to get their lil digs in at various BIG cities, as if matters would be resolved by strategically taking some of them out..  

It is a kind of lack of realistic thinking to be considering some places as "lost causes" ... but yeah, part of the reason that some rich peeps like to create wars against other rich peeps comes from these kinds of unwillingness to accept variations in thinkenings, ways of life and cultures and figuring out ways to come up with compromising systems.. and sure bitcoin could help with some of this, but might not be able to fix all of these kinds of seek and destroy kinds of thinkenings... bitcoin does seem to do quite well in embracing competitive distrust, though.. so in that sense, we do not all need to agree and there can remain folks who are still accepted in society even though they maintain self-preservation incentives and internal thinkenings to destroy others.

and again ... shortly up to 50,6k ... now down again in very short time under 50k ... no manipulation at all ... pure market ...


BUT could been a long REKT ... But I would suggest a short REKT when the price gone up ...

AFAIK honey badger still doesn't care.
It's just your emotions that make these market movements unpleasant to you.
I recommend to tune down the emotions. Just accept "the manipulation" (put inside quotes because, well... nobody can prove it's manipulation actually).
Disconnect from wishful thinking. You can still choose to be euphoric on the next pump, but remember these exciting times and just barely look cool at the following dumps and range chopping. Cool as ice   (Sorry, i heard vanilla on the radio today, this one hit wonder song hooked me when i was a teenager).
Do yourself something good today  

>>>>>>You can still choose to be euphoric on the next pump, but remember these exciting times and just barely look cool at the following dumps and range chopping. <<<<<<

Sure, I don't know about how other guys think exactly, even though we get some glimpses into these matters along the way of our various pumpenings and dumpenings (if you want to call them that), but surely these current dumpenings are dumpenings for ants.. so let's get real..

We are in a great place, and hardly any reason to look back because we can look at the present and appreciate where we are at... sure, having such appreciation for where we are at does not concede that the pumpenings are over or even accept that more dumpenings could happen.. blah blah.. but even a 45% dumpening down to $32k-ish  does not even bring us out of our bullrun.. we would need way more than a 45% dumpening to accomplish that...

In this particular bullrun, since early September, there has been a lot of difficult getting and even sustaining dumpenings of greater than 20% to 25%.. so hardly any reason to NOT already being celebrating the fuck out of where we are at.. no matter where the BTC price might go in the future, up, down or flat.. and many of us already appreciate that the odds of UPpity remain in favor, even if some of us (not mentioning any names, here) might have some troubles getting beyond 54% in terms of such confidences...  

This (my original reply to DM) was a hint for the more emotional type of guy  
I remembered when i was kinda trapped by similar feelings, not too long ago, and it was you who was helping me getting back on track.
At the time i am invested a bit for fiat gains, for near-future house expenses, but i already more than doubled up in terms of fiat and happy with that, i just don't need to take it out yet. Staying away from greediness, i am, because it would fucking stress me out like mad. Still, not denying to look forwards to increase my gains*, and if honey badger goes a different way, i'd be humble and just cash out what i need at certain times.  

* The plan is to keep as much as possible of BTC from the house expenses stack

EDIT: The original plan was "one btc per family member". Quite a way to go, but little steps are steps as such, too.

EDIT2: Gonna take a short while off keyboard today. Did a lot of drywall work today and my mental focusing isn't sharp enough for more conversation. Keeping twice as much time editing what i wrote. Looks like early hodlsleep again, tonight.

[El duderino_]

[600watt]

https://www.bloomberg.com/news/videos/2021-03-04/bitcoin-going-to-infiniti-kraken-ceo-video

jesse has profound insider knowldege. he owns it. he knows. 

[JayJuanGee]

Funny thing about the importance of actual action.. and you likely do not even have to act with any kind of BIGness.. just getting started and beginning to buy relatively small and reasonable amounts, such as $50 per month.. could really add up when it comes to 10 or 20 years down the road when you are ready to retire.. but sure some folks have shorter timelines (perceive that they do), and they could still be a wee bit more aggressive in their bitcoin approach, but they still are faced with that actual important wee detail of taking actual action that goes beyond mere thoughts about it.

By the way, I was just listening to a world crypto network podcast reading with Thomas Hunt, and there were a lot of interesting ideas about , and sure whether he was part of Satoshi or not, he was an interesting person who died quite young (at 31) ... so his youth could cause more difficulties in actually him completely being satoshi.. even though through out history, there have been some quite great geniuses at decently young ages in all kinds of fields.  I believe that Hunt was reading from this Medium article from February 21, 2021.

[Biodom]

Types of bitcoin investors/hodlers and price:

Friends and family-anything below $1

Angel investors-$1-32

Early venture investors-$32-250

Late venture-$250-1160

Various letter series (A-D)- $1160-10K

pre-IPO-$10K-28K

institutional, but pre-massive retail-28K-100K

everybody, except central banks -after 100K

central banks-after $500K

[JayJuanGee]

Powell's comments today may have played a role in the market.

He acknowledged the obvious inflation, trying to downplay it as temporary but he also saw some recovery in the economy over the next few months.

“If we do see what we believe is likely a transitory increase in inflation, where longer-term inflation expectations are broadly stable, I expect that we will be patient" he said about raising interest rates.


Like it or not, with all of the ETFs and corporations buying bitcoin we are now affected by the overall market a lot more than back in the day when price changes mainly reflected something happening in the Bitcoin world.

Powell is basically saying that they're keeping an eye on inflation. They assume it will go up in the short term but also believe long term it will not get out of control so they will wait on raising interest rates until they see a long term trend in inflationary pressure.

The key that we all should understand is that once the Fed raises interest rates, the everything bubble will pop. It will be the housing crisis and the 2008 market crisis times 100. Will Bitcoin crash with the market or will Bitcoin be seen as a hedge. Hopefully people will flee to bitcoin but who knows. When the market crashed due to lockdowns last March bitcoin crashed but bounced right back. So it's sort of hard to figure that one out.

I surely had been tempted to send you an smerit based on this analysis. but I just could not bring my lil selfie to do it... accordingly, I am having some difficulties with both your calling a bitcoin top at $50k and your somewhat hedging (or is it uncertainty?) language in regards to what bitcoin might or might not do in respect to short term "macro" dynamics... which seems to be that you, Elwar, are failing and refusing to account for the reality of bitcoin not giving any shits and also having currently valid price prediction models that should assist you in determining what bitcoin may or may not do... but you seem to want to be smarter than our current quite persuasive and credible BTC price prediction models.. and you have every right to be smarter than the models with your supposed "independent" analysis... that seems to be handicapping ur lil selfie - in spite of some of your seeming potential to actually understand bitcoin a wee bit MOAR better.

When the market crashed due to lockdowns last March bitcoin crashed but bounced right back. So it's sort of hard to figure that one out.

Here's a conspiracy theory for you:

Badger doesn't give a fuck.
BTC is not affected by the news or the traditional market - they do try, but in reality they can't do shit. They can't - because someone else will always BTMFD.
Mathz and science confirms this.

The 2020 March crash although officially attributed to COV, was really an over-leveraged mega whale entity on Bitmex. Joe or r0ach or ... well, he has many names and associates.
Bitmex kill switch worked eventually.
LOL.

Until next time of course. [no, not this March]

I largely agree with the whole gist of what you are asserting here, CT, but I am having a bit difficulties with your single theory and your denial of Covid contained within the post, but the overall point about bitcoin not giving any fucks remains important .. and also your attack upon Elwar's seeming attempt to suggest that BTC prices may well be tied to macro forces.. blah blah blah.. remains a framing in need of ongoing attacks.. but since bitcoin gives few fucks, those who are invested in bitcoin (largely long) versus those who are not (hedging too much in terms of down, blah blah blah) are going to personally find out if their allocations are actually adequately and sufficiently paying off... or if they may have under done it in terms of being to scared of sufficiently longing bitcoin..

By the way, I am not saying go 100% bitcoin.. for the most part, I view those as a bit retarded theories for the vast majority of peeps.. so going long is surely going to depend on starting points.. and newbies may well have less aggressive BTC portfolios.. and longer term bitcoiners may incidentally end up having greater allocations largely due to ongoing BTC price appreciation over the years.

[Biodom]

Fed will not raise interest rates for a simple reason that if they do so, the rates will either become inverted and everything (in the market) crashes, as correctly indicated, OR, the yield curve would maintain it's upward slope, which means that long term interest rates would go higher, but then the government would be largely insolvent (cannot afford interest payments on the debt).
Since the latter is very unlikely, the whole scenario becomes unlikely as well.