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

[ivomm]

Drill, Baby, Drill. save my short calls

What's your short target? I see 55k is a good support but is it strong enough? Do you expect lower?

Big picture people, big picture!

[julian071]

Drill, Baby, Drill. save my short calls

That looks to be ageing badly... Hope you got out in time!

[brokedummy]

Drill, Baby, Drill. save my short calls

What's your short target? I see 55k is a good support but is it strong enough? Do you expect lower?

Big picture people, big picture!

I need to raise funds for a down payment. If it ends today much higher I'll probably end up selling for less than I could have gotten just waiting to market sell today. If it ends lower than 54k I'll collect all the premium without selling anything. If it stays under 56k and over 54k I'll sell some for a good price and have some contracts expire worthless. I guess I can sell puts next week because it looks like its going to stay above 56k.

[Richy_T]

You are speaking like a person who has never experienced a certain level of chronic illness, poverty and ongoing suffering and struggles and ongoing deterioration over years and years and years - loss of energy might also be a kind of pain.. .. consider foggy thinking that comes with some of the conditions of screwed up systems, as well.  It's not like everything is working, you are banging 10s and you just have pain.. . .you might not even be able to bang a 5 (meaning 5 fingers)..

Indeed I am. Because what I am saying is from the position, it is easy to say "I wouldn't want to live if I was like that" but the facts bear out that many *do* want to keep living. This was in the context of people who had immortality available to them and whether they would get bored with it. People seem to be wanting to take what I said beyond what I said. I would suggest not to do that because while that is an interesting conversation in itself, it is beyond my point and I'm not interested in having it right now.

[LFC_Bitcoin]

Drill, Baby, Drill. save my short calls

Shorting in a BTC bull market like.....

[proudhon]

Shorting bitcoin right now:

[brokedummy]

Drill, Baby, Drill. save my short calls

Shorting in a BTC bull market like.....

I honestly have more to gain from it going up since I still have 90% hodled.

[Richy_T]

Modern peeps do not absorb media at 1x anymore.

Snap out of it, AlcoHoDL!!!!!

Modernize ur lil selfie.

You will thank me later.  

Noooo. Quality (which apparently this wasn't) is worth taking the time for.

By the way, I did a quick glance at some default fees and at the time of this post, they are around 50 sats per byte for regular (maybe around $6 for a transaction without very many inputs) and 70 sats per byte for priority (maybe around $12), and of course if you are dealing with a stranger you may well want to use priority, but if you are dealing with yourself, you could cut regular in half.. which would be around $3.. so surely those are not outrageous for transactions of a few hundred dollars, but surely could be cost prohibitive for smaller transactions... and large transactions over $1k might feel that they are getting a deal, so yes, higher fees do seem to incentivize larger transactions on the main chain... and we could anticipate that the transaction costs are likely to continue to go up on the main chain, especially during more busy times, including when there may well be a lot of excitement about price that might be causing some additional on-chain transactions.

I always check here if possible. Some wallets are still making fairly retarded suggestions.

https://bitcoinfees.earn.com/

Fees for a semi-reasonable first transaction time (about an hour) are currently around 88 sat/byte. I've found that going lower can actually lead to much longer than advertised wait times. Not sure why but I'm guessing that some transactions get boosted even at lower fees and skew the results. Bear in mind that some transaction processors will cancel your transaction if it takes too long to complete. And then your bitcoin transaction might complete anyway so now you have a customer service interaction to deal with.

[BitcoinBunny]

[ivomm]

Drill, Baby, Drill. save my short calls

Shorting in a BTC bull market like.....

That should be the voices of the shorters, mocked by the pseudo shorter proudhoney. Obviously they do math(s) and science with that part of their head which is missing.

[noormcs5]

[Wilhelm]

Grabs popcorn 🍿 for the daily ATH attempt 

[AlcoHoDL]

Grabs popcorn 🍿 for the daily ATH attempt 

Better yet, grab them Flamin' Hot Cheetos, that can drill a hole in your stomach and make your poo red.

ATH will happen again today.

[Wilhelm]

Grabs popcorn 🍿 for the daily ATH attempt 

Better yet, grab them Flamin' Hot Cheetos, that can drill a hole in your stomach and make your poo red.

ATH will happen again today.

ATH will be here Soonish(tm)

[proudhon]

Grabs popcorn 🍿 for the daily ATH attempt 

Better yet, grab them Flamin' Hot Cheetos, that can drill a hole in your stomach and make your poo red.

ATH will happen again today.

Unconfirmed

[Wilhelm]

Grabs popcorn 🍿 for the daily ATH attempt 

Better yet, grab them Flamin' Hot Cheetos, that can drill a hole in your stomach and make your poo red.

ATH will happen again today.

Unconfirmed

UnUnconfirmed

[BitcoinBunny]

Grabs popcorn 🍿 for the daily ATH attempt 

Better yet, grab them Flamin' Hot Cheetos, that can drill a hole in your stomach and make your poo red.

ATH will happen again today.

Unconfirmed

[AlcoHoDL]

Grabs popcorn 🍿 for the daily ATH attempt 

Better yet, grab them Flamin' Hot Cheetos, that can drill a hole in your stomach and make your poo red.

ATH will happen again today.

Unconfirmed

https://youtu.be/PtyySlBW6kk?t=18

[Elwar]

How many acres total now?

Getting up to near 140 acres now.

I read a whole Wikipedia page and all I learnt is that you own 124 football field.
Given the fact I have never saw a football field (as football is the wrong name for the wrong sport, over there), still, I don't know how much land you do own, but I guess it's a pretty big garden.

Well done!

Repeat after me : An acre is the area of a rectangle whose length is one furlong and whose width is one chain.

You all need to turn in your Pink Floyd fan cards if you missed this reference.

https://youtu.be/YR5ApYxkU-U?t=68

[Icygreen]

Today is the mindrust day. One year ago, on that evil day, mindrust panic sold all his 10BTC stash for $4000 - the average price he has bought his stash. He had twice that sum in fiat, but instead of buying at these incredibly cheap prices, he decided to buy USD, monero and other shitcoins. His ghost reportedly appears still on bitcointalk topics arguing that his decision was right. To him and others fallen comrades by the poison of Peter Schiff's kinda FUD, a minute of silence.

Happy mindrust day brethren! Hodl strong! 

I disagree with this way of thinking. All of us have to make our own financial decisions. Sure, his move was stupid but leave the poor guy alone. Everyone has the right to move on.

Yup, can relate to this.  Once, in the beginning of my BTC journey, I was overtaken by 'the fear' depicted by price, sold it all at a low and felt relieved not to endure the uncertainty any longer and I decided then never to return.   Thankfully after my emotional self had calmed, I bought back with everything at a loss and spent the next year re-accumulating that loss by buying, not trading.
Rarely in my life have I witnessed such fear and flight to safety. It was truly a invaluable learning experience which forged a much stronger HODL.  I believe all bitcoiners pass though some personal version of this, especially early adopters.  There is no shame for mindrust only a small missed opportunity. May he make his peace and feel welcomed to re-join the ranks.