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

[rolling]

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!

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

[xhomerx10]

That means that you sold at some point. ... Motherf^cker, and I'm the one only getting all the heat.

 You're mistaken.  That's not supposed to be me.  It's no secret who is buying the dip to keep the rest of us safu!!

[savetherainforest]

That means that you sold at some point. ... Motherf^cker, and I'm the one only getting all the heat.

 You're mistaken.  That's not supposed to be me.  It's no secret who is buying the dip to keep the rest of us safu!!

It's not really about "safu"  nonsense.... It's more about mathematics. ... Because if u don't have a good dip, you have a weaker pump, and a prolongated bear market period.    

[BobLawblaw]

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 don't want to sound like an asshole or anything, but Rick was catching up with good long-time friend of ours I haven't seen since before COVID19 fucked everything up (the wife is ABSOLUTELY FUCKING NUTS ON THE PARANOIA FACTOR HOLY FUCKING SHIT SHE IS INSANE)

Anyway, they made an off-handed joke to Rick about "You know, I guess with how much Bitcoin you and Bob have, you're technically angel investor category right now."

So, uhh, I guess...

Angel Investor   <--- I am here.

[savetherainforest]

< $1         <--- I thought about mining here.     
$1 - $10
$11 - $100
$101 - $1,000   <--- I am here.
$1,001 - $2,000
$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 think its going up...
I bought back in 100% (except the profits. ) ... That would last me a few months in Bora Bora or some nonsense like that.

[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?

[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_]