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

[JayJuanGee]

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.  

Those are some pretty decent points.. 600watty twatty.  

Gosh... I am so embarrassing!!!!!

I don't recall saying anything specifically about the stash, if any, of yours truly.

Must I remind you that yours truly frequently speaks his lil selfie in the form of hypotheticals that may or may not reflect the actual holdings of any person in real life known or unknown by yours truly.

Yours truly is also an avatar on the interwebs who may or may not have nice lil stories that may or may not have elements of truths contained therein.

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

Now regarding the stashes of WO hats, interesting that you ask about combined stash as compared with average - median or mode.

I have little to no clue, but I would surmise that there remains a decent amount of variation towards decently sized stashes and also some no coiners (not even completely by choice from their own perspectives)...

Regarding my idea of hypothetical persons starting with pre-$10k stashes valued in the $1million to $2million territory, those kinds of peeps and stashes surely do exist, and they are likely to be way more prevalent as active participants of the WO thread as compared to the population in general.. in the population in general, those kinds of stashes would truly be somewhat rare birds, relatively speaking (probably in the less than .1% of the population territory), even if those kinds of supposed HODLers might be hyped in the mainstream media, as if they were more present and prevalent than they actually are.  

Not sure what else to say, but sometimes there can be some funzies in speculating regarding some of the specifics of some members, and sometimes members will actually end up providing some ideas (and surely sometimes too muchie) regarding their particulars, and I do not claim to be one of those kinds of members who actually have any meaningful quantity of coins, even if my interweb avatar might be construed to have had made, from time to time, such experiential representations in order that s/he/it can put on airs of speaking with some degree/level of quasi-wannabe-authorities.   

[Torque]

I'm sure it's a neat car and all, but I'm sorry...trying to hand wash all those little janky nooks and crannies would be a nightmare.

Why does every car maker now have to have Japano-jank Transformer-ish angles everywhere?

I say bring back the nice smooth Euro curves of the mid 2000's.

[d_eddie]

Wealth Managers Want Clarity on Bitcoin Rules: Reuters
https://www.coindesk.com/wealth-managers-want-clarity-on-bitcoin-rules-reuters

Poor managers, forced by regulatory uncertainty into buying ETFs that don't exist yet for their pleb customers screaming "we want btc!".

TL;DR "Give the people what they want"

[JayJuanGee]

now the try, to get the day candle under 50k ... btw on low volume

and there's minor resistance at $50k as well.

hope we stay above, that would be a bullish signal ...

"We" do not need to stay above $50k to already be in a bullish place with bitcoin.

Man you are a pendantic fellow ... would be bullish in short term in relation of the end of the correction. Man ... did you work for the goverment? Are you an accountant? pedantic as fuck ...

-.-

The new word of the day boyz and girl..."pendantic" or "pedantic"... I would look it up, but it is beneath me.  hahahahahaha.

Regarding your seeming substantive concerns about a person trying to be more accurate in their posts, you might want to consider or reconsider your own posts in that direction... In regards to my own posts, and generally speaking, I stand by my earlier posts .. even if you may well find them to be too precise.. or whatever you might be attempting to say with your supposed concerns about my posts.

Ive been wanting to take time off but I cant until my exit, bounce buy, bounce sell, and re-entry from the crash

You are assuming you will be able to exit at the top.... how?

Trailing stop, or something like that. Right now I keep manually adjusting my stop to important levels I know would not be good to break like right now it is 18500.

Even if I miss it it'll still create huge waves I'll be able to trade and waves in altcoins that I can margin trade regardless of my position.

Lack of Tera2 in this thread is approaching distressing levels. Who will make the topcall within 5% ??

75-80k. once we get there put in a stop at 65k

Case in point..   Almost always we have Tera2 wannabes or sorcerer wannabes... not like that is going to stop, and sure some of them will end up being more right than others, which to me seems like a BIG so fucking what?

Sorcerer wannabes like masterluc? Haven't heard from that guy for a long time. His fans are also gone?  

Sure.. some of them will go away for a while.. and some of them will return, too... but being wrong for a decently long period of time does likely wear upon some of those dweebs.

[JayJuanGee]

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

Cannot really determine from the article:

Does that mean that he (and his fund) are not buying any?


Could be a bit irresponsible to suggest 0% allocation to bitcoin, yet if he happens to believe that bitcoin is going to get squelched because of its threats to society, then I suppose that could be a ideological perspective that is reflected in his finances, but does not seem to have great chances of playing out well (or as he may had been expecting, perhaps?).  

I had a kind of "friend" pestering me the other day about some matters that would have irritated me a lot more previously in terms of some "treats" that I could buy her, and I gave almost no resistance to her irritating desire to use me as an ATM, and I said o.k.  Let's go get those "things you absolutely need,"  and almost amazing how "happy" she was for a couple of days.. even though hardly any skin off my back, relatively speaking I did not even really mind very much... and probably 4-5 years ago, I would have not spent money in that way, and I probably would have been a bit bothered by being solicited in that direction.    

Oh, that reminds me, I had another "friend" who wanted to go shopping with me, and she had some particular items in mind that she "really needed."  I just made up some various excuses because I did not want to go shopping, and I also made up a kind of reason that she needed to receive the money (because it was "very important to me too" blah blah blah), and then I gave her like twice the amount of money that she told me that she would need for such item(s), and at the same time, I was "saved" from going shopping... still funny about the whole situation.. and really not any kind of inconvenience for me.. maybe less inconvenient than going shopping with her and then trying to figure out how to keep her within budget when in this case, in current times, the amount felt like pocket change to me, but more than double of what she was expecting...

Sorry to say you've just made a rod for your own back. Two of em.

Probably we view the world differently, because even though I provided some details, it probably would not be a good thing to attempt to read too much into the relationships that you perceive therein.

#justsaying  coming off as a bit of premature judging based on the context that you got, no?

This is our chance boiz!!! DUMP NOW AND WE GET TO $39K!!!

Coming off as a wee bit desperate Save the RF, no?

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.

I am quite sure that there are a considerable number of folks like to tout their average BTC buy price as being quite low, but I doubt that average buy means very much in some cases especially when their BTC stash is so tiny, even though they tout such nonsense and if considered from another angle they could have way the fuck more bitcoin if they had not been hanging onto such sometimes meaningless metric.

Would you rather have 2 BTC with an average price of $563, or 50 BTC with an average price of $6,563?  Paid way more for those 50BTC.. and if you have decent income still coming in and you are NOT quite ready to pull the "fuck you" lever, then maybe you keep dollar cost averaging and raising your average price and your BTC stash at the same time.. and maybe in 10 years, you add another 10 BTC onto your total BTC stash, but you raised your average BTC price to $20k or some seemingly high average price?  Perhaps?

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.

Ahahahaha..   Case in point.

Maybe rolling is an example of someone who could have had way more BTC and even been way better off, but he was valuing his zero or less than zero cost basis?  Perhaps?  Perhaps?  Don't want to pick on you, but there are peeps who could be way better off by continuing to buy BTC along the way because they do not have nearly enough to really have been able to prosper nearly as close as the BTC opportunities had provided them over the past several years.

[Cryptotourist]

I'm sure it's a neat car and all, but I'm sorry...trying hand wash all those little janky nooks and crannies would be a nightmare.

Why does every car maker now have to have Japano-jank Transformer-ish angles everywhere?

I say bring back the nice smooth Euro curves of the mid 2000's.

Goes with the perks n quirks - standard edition:

https://www.youtube.com/watch?v=jjYNqRdf7cI

Hey girl, wanna wash my lambo.

edit1: definitely not a fan of lambos, they are too extravagant for my taste - forget the price, and I will break it down completely ASAP - total waste.
edit2: a Bowler Bulldog is another story all together.

[marcus_of_augustus]

Well I have been in similar discussion with friends who still didn’t accept Bitcoin yet. So one time we discussed that it’s a fact tha a SME (coronal mass ejection) is a serious threat to humanity. And if it happens it will be a complete blackout for days, months or may be years. In such a mass disaster what will happen to Bitcoin?? when this whole Bitcoin echo system needs so much energy and constant internet connection  how Bitcoin will survive? Whereas paper money or gold can still be valued and used in such scenarios like nothing happened.

... totally depends on the strength, duration and direction of the solar flare.

The sun does not appear to have superflares, or at least that we know of, and appears to be very quiet when compared to other similar sun-like stars. Which probably explains existence of life on Earth as relatively unique.  Past performance is no guarantee of future outcomes and all that though. A superflare direct hit on Earth would probably wipe most all life and humanity out and btc is no longer needed. Currently the sun appears to be heading into a Grand Solar Minimum of very low flare activity that could last 20-70 years.

A regular large flare that impacts Earth in a direct hit scenario, say Carrington-event level X50+, will have some noticeable effects on infrastructure. The Earth's magnetic field is our protection against such radiation and it is currently in a weakening, meandering phase (not good). However, only countries with long, uninterrupted North-South transmission lines will be those most affected by the induced voltage that will be frying electric devices connected to the grid. Many countries have small isolated transmission systems and many have already been protected against induced current from CME, EMP type blasts. Electricity is likely to stay up in many geographically isolated locations and internet and BTC network will probably not go down globally. It may get patchy and have 'islanding' type events where certain sections get isolated temporarily. Some bitcoin miners have their own dedicated hydropower stations and many of them will likely stay online. Many satellites will be knocked out but the optical fibre undersea backbones will probably stay up.

As long as you have your keys off-line, e.g. a paper wallet, or if on electronic media, inside a Faraday cage (biscuit tin, e-safe, etc), I don't see a solar flare, even a large one, as anything but a short-term risk to btc.

[JayJuanGee]

Hey girl, wanna wash my lambo.

As a non-lambo owner, I would have never considered the above to have been a very good pick up line.  Might need to buy or rent a lambo, just to try it out... must be better than buying them things or giving them money.. especially getting a "free" car wash out of the deal-i-o.

[xhomerx10]

I'm with the other guy who thinks we should be grounded in reality for now. Space elevators are fun and all, but we could still cover a lot of surface area on the planet, maybe even in the oceans, for plenty of solar panels / arrays to power the world (or a bitcoin miner.)

I found this before: https://landartgenerator.org/blagi/archives/127



So it's not updated, but you can line up a whole bunch of solar panels near the equator and not much is needed to power the world (not including bitcoin miners) ...

That article also discusses wind power and hydroelectric power.


Edit: here is another one just for bitcoin.

https://landartgenerator.org/blagi/archives/5697

Well I have been in similar discussion with friends who still didn’t accept Bitcoin yet. So one time we discussed that it’s a fact tha a SME (coronal mass ejection) is a serious threat to humanity. And if it happens it will be a complete blackout for days, months or may be years. In such a mass disaster what will happen to Bitcoin?? when this whole Bitcoin echo system needs so much energy and constant internet connection  how Bitcoin will survive? Whereas paper money or gold can still be valued and used in such scenarios like nothing happened.

Well lets see, assuming mass CME lasting 24hrs to cover all of earth, power grid is fried, nuclear power plants shutting down some blowing up cause their redundant safety mechanisms are fried, some nuclear weapons/ships/submarines/planes might go boom, satellites supposed to have some protection but chances are won't hold up to such massive CME so GPS and SAT communications are done, planes falling out of the sky, mass hysteria, supply chains disrupted shortages of food widespread, armies are reduced to few guys running around with guns, ATMs are used for target practice etc, etc, etc... and you think i'll accept your monopoly coupons or shiny metal for this chicken that i'm trying to sell because i need more ammo? If such major disaster happens BTC would be the last of your worries. On a bright side surviving society's priority would be restoring the internet, once that's back up BTC would be the first one to come back online before any bank or ATM will start working.

 It doesn't even matter if you would accept the monopoly money for your chicken because there isn't enough of it around anymore. Most people currently use electronically transmitted digits that represent monopoly money and have little if any paper money on hand.

[Cryptotourist]

The problem is, I have difficulty spending much beyond my salary, considering that btc might go to $5mil, eventually.

That's a very good point dear sir.

100trillion USD, and then we see how deep the rabbit hole goes, this decade or the next.
MIA says 4 mil tho.

[serveria.com]

I'm sure it's a neat car and all, but I'm sorry...trying hand wash all those little janky nooks and crannies would be a nightmare.

Why does every car maker now have to have Japano-jank Transformer-ish angles everywhere?

I say bring back the nice smooth Euro curves of the mid 2000's.

Well, imho if you can afford a Lambo you don't have to worry about washing it as you should be able to afford carwash services. Perhaps even by some scantily clad females as portrayed by Cryptotourist...    

[savetherainforest]

Exactly... Save the RF... you are not greedy enough..  that's your problem.  
Be more greedy.. and while you are at it, may as well be more retarded (and quasi-incomprehensible), too.  You go girl!!!!
You will thank me, later.  
 

This such boring movement last couple of weeks.. WO - when $60k??

There will be another dump attempt in 12'-ish hours.

But resistance feels strong!

"Resistance"?

You must be talking about "support," no?

half the time, who the fuck knows what you are talking about?    Do you even know?    Must suck to be you with such ongoing confusing and most-of-the-time incorrect inner-dialogue.  

 

"Resistance" against the upcoming dump.  

Also... I went more greedy... I placed an order at $27K.   

[lightfoot]

Also... I went more greedy... I placed an order at $27K.   

You are so holding up the bottom dude, kudos!

[vapourminer]

What's your average Bitcoin buy price?

< $1
$1 - $10
$11 - $100        < ---   im here
$101 - $1,000
$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 mined mine back in the day (2011 to 2012) while the price went from 10 to 35 to 2. so ill do the 11-100 as the cost basis.

[JayJuanGee]

Also... I went more greedy... I placed an order at $27K.   

You are so holding up the bottom dude, kudos!

Yeah, with his "all in" .053 BTC buy order.. No one's going to be able to break through that...   Many of us should be trembling at the size of such a save the rf stack... some day, not even average bitcoiners are going to be able to reach his levels.

[Hueristic]

White House signals coming antitrust push with Tim Wu appointment

Wu is best known in tech circles as the man who coined the term "net neutrality" in the early 2000s. He has held several positions at the federal level before, including advisory roles with both the Federal Trade Commission and the National Economic Council. He has also been a full professor at Columbia University law school since 2006, where he teaches First Amendment and antitrust law.

https://arstechnica.com/tech-policy/2021/03/tech-critic-tim-wu-joins-biden-admin-as-tech-competition-advisor/

[HairyMaclairy]

Strangely enough, about a week before the Thai navy came after us a friend of mine told me that he has had friends killed who were trying to create technology to go into space.

Mainstreaming space will definitely open a can of worms and rock a few boats.

One eye opening thing I was told is...whoever controls Earth's orbit, controls access to space for all humans. And eventually the whole world.

This is a good point. Never thought about that.

[Biodom]

Strangely enough, about a week before the Thai navy came after us a friend of mine told me that he has had friends killed who were trying to create technology to go into space.

Mainstreaming space will definitely open a can of worms and rock a few boats.

One eye opening thing I was told is...whoever controls Earth's orbit, controls access to space for all humans. And eventually the whole world.

This is a good point. Never thought about that.

Read "Expanse" or watch it on Amazon Prime-it's actually pretty good, mostly.
Obviously, outer space is in advantageous position vs Earth as earth sits in the gravitational well.
Besides, shooters in a high position almost always win-depicted in so many movies
..some say that this understanding led to a eventual win of Homo sapiens over Homo neaderthalensis.

[d_eddie]

Yes bowmang, Expanse is pretty good! Inyaloda got no chance when beltaloda sling big rocks.

[wxa7115]

... the Great Filter is most likely socialist Statism or some equally toxic ideology unleashing widespread mis-management of civilisations that wipes it out through war, famine or plagues.

... just as knowledge, concepts and ideas are the true wealth of civilisations, fallacies, myths, superstitions and toxic ideologies are its greatest dangers

edit: for civilisations to scale they need scale-free organisational concepts and structures ... not base-level, emotional, romantic, tribalist, power-centralising brutalism

This reminds me about the planet Golgafrincham on the The Hitchhiker's Guide to the Galaxy novel, on the novel a supposed disaster is to fall on the planet and the whole population was to be evacuated on three ark ships called A, B and C, on ship A were the leaders and scientists, on ship C all the people that made actual work and on ship B everyone else, but it was a ruse, they wanted to get rid of the useless people on ship B and as soon as they departed they left the ships A and C and remained on their planet, while the people on ship B went to planet earth and became the ancestors of the human race.

I agree that there are many people in positions of power with ideas that in fact put at risk our civilization, however if space colonization becomes a reality I do not see why people with common interests could not colonize another planet or create an ark ship, similar to what happened with the colonization of the Americas.

Or TV signals: Our TV signals used to be easy to spot: A massive signal spike (the sync signal) followed by colorburst, then the X and Y of the scan line. Easy to spot, very repeating pattern, can't be nature made, obvious sign of intelligence. However now we have switched over to HDTV which is not only digital but encrypted digital so the stuff looks like background noise. And it's much lower power because once again efficient.

That's in 100 years. There may be only a short window where we can spot other civs before they get efficient and encrypt everything because the Altarian Disney Company doesn't want to share their content without payment :-)

Can you imagine if something similar happened like in the episode of Futurama When Aliens Attack and we were attacked just because our TV signals were not easy to pick up anymore and they just wanted to watch our TV shows? That would be hilarious.