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

[Hhampuz]

market moving so slowly and boring now, when $70k WO?

Right after 80k and just before 100k.

Hmm.. Real?

[JayJuanGee]

Regarding mindrust and the comments WOers occasionally make about him (including haikus & other poems, and bat-slappings too), I don't think they are meant as insulting or derogatory. Personally, I don't have anything against him. I've even merited him, and he has merited me here in WO. I think most of the references to him and his "mindrust action", are merely to warn others who may be inclined to do the same. They serve as a warning and a lesson to all of us to keep our cool and not flinch at times of big corrections. Because big corrections can happen, and will happen. If anything, mindrust is, perhaps without even knowing it, actively helping and protecting others from making the same mistake.

If he ever came back here in WO, I'd greet him warmly, and welcome his comments on his "mindrust action" and his current thinking about Bitcoin and the way forward. It would make an interesting discussion. Nothing at all against him on my side.

I largely agree with most everything you say here, AlcoHoDL, except I surely continue to believe that mindrust continues to NOT have anything that is very helpful to say about the "mindrust action," and part of the explanation seems to be that he still fails and refuses to see and understand what he did wrong.. so gosh, sure that can be a bit helpful to show why sometimes people who sell too much too early will frequently rationalize themselves into a kind of fantasyland.. and surely how helpful can it be to see someone going through fantasyland thinking and arguing those points here, if he were to come here.

O.k.. o.k. o.k.  I understand that there is more nuance than what I am making it out to be, so maybe we do need to get mindrust to come back and to bat around some of his nonsense here for a while so we can get refreshed about where he, personally, is at in these times, but I cannot really guarantee that I might not have some lecturing to give him, even though it's not really going to help.. .. almost anyone can come here anyhow, unless they get banned or something if they are an obvious shill/troll, so there is that angle too in which mindrust surely is capable of a decent amount of rational explanation.. but I think that he is not here because there would be some difficulties for him to really handle what some of us would be throwing at him, including asking him to justify where he is at right now.. what the fuck is he doing?  Buying NFTs.. hahahahhaha?

fees were always like crazy if a lot of people withdraw or buy I start to think it’s impossible to escape from them

Seems like you already said that a few posts back.

Do you have anything more meaningful to contribute besides Big blocker whining talking points from 2.5 years ago?

[Syke]

https://www.wellsfargoadvisors.com/why-wells-fargo/products-services/lending/securities-based.htm
Yes, best rates are for those with lots of assets.

Ret accounts are NOT eligible, though.

Mind you, I have done nothing of the sorts so far, but I am studying the question (after Saylor's remarks).

This definitely warrants some consideration.

[nullius]

Sold a tiny piece just to say I sold some over 60k

acquired a tiny piece just to say I bought some over $61k

Am I the only one after Microstrategy? Did I disrupt the price?

0.005219 @ $61307.90

I am bookmarking this post.

In the future, there will be a market correction.  Bitcoin will crash hard, all the way down to $100k.  The media will scream that Bitcoin is dead.  The mindrusts will be shaken out.  Then, Bitcoin will continue up to $1m.

Amidst the fracas, n00bs will quote you with their wishes that they had a time machine to buy dirt-cheap at only $61k.


Open offer to readers of the Wall Observer:  I hereby offer to sell my Bitcoin.  All of it.

The price that I offer is 1000 sats per USDT.

This offer is time-limited and non-negotiable.  Escrow will be required, unless the buyer is theymos or a well-known Core developer or [well, there is no replacement for Lauda].  Serious inquiries only!  PM or e-mail me.  Preferably, use PGP.

Of course, it would be stupid to take this offer while you can still get >1600 sats at market.  And of course, I would immediately swap the Tethers back to Bitcoin!  (And then offer you the Bitcoin—until either you run out of Tethers, or this perpetual motion arbitrage feedback loop moves the whole market.)

I make this offer by way of demonstrating a point:  Someday, people will want a time machine so that they can take me up on this.  Nonetheless, the offer is serious:  I always keep my word!

The number will go down.  I think that I will soon revise it to 833 sats per USDT, or maybe 750 sats per USDT, so act fast!

[Hueristic]

I largely agree with most everything you say here, AlcoHoDL, except I surely continue to believe that mindrust continues to NOT have anything that is very helpful to say about the "mindrust action," and part of the explanation seems to be that he still fails and refuses to see and understand what he did wrong.. so gosh, sure that can be a bit helpful to show why sometimes people who sell too much too early will frequently rationalize themselves into a kind of fantasyland.. and surely how helpful can it be to see someone going through fantasyland thinking and arguing those points here, if he were to come here.

O.k.. o.k. o.k.  I understand that there is more nuance than what I am making it out to be, so maybe we do need to get mindrust to come back and to bat around some of his nonsense here for a while so we can get refreshed about where he, personally, is at in these times, but I cannot really guarantee that I might not have some lec

Actually he has admitted that he no longer believes in TA and does not listen to Masterluc anymore. 

Baby steps.

[sirazimuth]

Well I think we should discuss the Mindrust famous momentous incident in much more detail
because, gosh, I don't think we have covered enough of the finer points of this most outrageous move
of him/her selling all his coin. I believe we should write a book and sell the movie rights among other things.

don't mind me bros.... I've been pounding the beers again....

[shahzadafzal]

Open offer to readers of the Wall Observer:  I hereby offer to sell my Bitcoin.  All of it.

The price that I offer is 1000 sats per USDT.

I don't understand the 1000 sats / USDT? but at the moment in market it's 1,645 sats / USDT?

Is my math correct? so where is the offer?

I used this converter https://awebanalysis.com/en/convert-satoshi-to-dollar-usd/
1BTC @ $60,879.7695

[JayJuanGee]

Are we in one of pseudo-stable periods for btc?

I think that a synonym would be "stalled"

It is possible, but honestly, I don't get the hesitation at 58K, it's a number of no clear significance.
Maybe it harks back to the 53K number, which is a $1 tril market cap.
Obviously, we are over that one, but not by much.

None of them mean shit.

Our lil fiend, aka bitcoin, seems to be merely taking  a little breather at random point of hardly any significance...

Don't worry ur lil selfie in regards to the particulars, just make sure dat ur lil selfie is adequately pee pared 4 UPpity.


In udder words, our lil fiend, aka bitcoin, no does not get stalled in the top of a price range.. no does not wurk like dat.

You will thank me later, if you do not get too emotional in regards to my attempt at a mostly substantive response to ur seemingly brainfart post.
 

I largely agree with most everything you say here, AlcoHoDL, except I surely continue to believe that mindrust continues to NOT have anything that is very helpful to say about the "mindrust action," and part of the explanation seems to be that he still fails and refuses to see and understand what he did wrong.. so gosh, sure that can be a bit helpful to show why sometimes people who sell too much too early will frequently rationalize themselves into a kind of fantasyland.. and surely how helpful can it be to see someone going through fantasyland thinking and arguing those points here, if he were to come here.

O.k.. o.k. o.k.  I understand that there is more nuance than what I am making it out to be, so maybe we do need to get mindrust to come back and to bat around some of his nonsense here for a while so we can get refreshed about where he, personally, is at in these times, but I cannot really guarantee that I might not have some lec

Actually he has admitted that he no longer believes in TA and does not listen to Masterluc anymore. 

Baby steps.

hahahaha

You may well be correct that baby steps could be helpful in the mindrust situation - even though I am having some doubts that there is much cucumber left there - and thinking that the whole cucumber may have already converted into a pickle.. but hey, sure, I don't mind finding out that I was wrong.  No problema.

[sirazimuth]

lil selfie and other similar jay words etc....

gotta luv ya lil selfie, jay    (nohomo)

(now don't you dare tell me to fuck off or you will hurt my wittle fee fees)

[shahzadafzal]

 I used Magic Wand tool in this simple app paint.net and .. Well I'm not that good at graphic design. So for this I had to cut & paste each row one by one and then edit helicopter :p

You can use my this image for your future updates, this is with transparent background and without helicopter https://i.imgur.com/ubfMFDE.png

choppa update now with an enhanced version, flipped and transparent thanks fillippone and shahzadafzal

I like it!

Some white background pixels are stuck in the numbers; and doing that type of work on a raster image will not yield optimal results, anyway.  vroom, I infer that you created the original as a PDF.  I suggest a PDF rasterizer that directly outputs PNG with a transparent background.  From the poppler-utils package, pdftocairo with the -transp option will do exactly what you want—at excellent quality.  It’s available on Unix-like platforms; and there are MS Windows builds available somewhere on the net, though I can’t assure their quality.  Of course, there are other tools that will achieve the same goal; I simply find that to be the easiest.

PDF is ready...  https://drive.google.com/file/d/1-TnLaYoJ78bxQBhSXP-fvykBn6eHZfQM/view?usp=sharing

Well first I have created this in excel https://drive.google.com/file/d/1K07uYS7tm1ZtZzPzaQDsLjTYSE8VUU7F/view?usp=sharing

Then to PDF and then to PNG kind long process..

vroom you are free to use this Excel and PDF for your future updates (I hope BTC will keep you busy 100k isn't that far anymore)

NOTE: I entered the price and dates manually, please check for typo or any mistakes

[JayJuanGee]

Good afternoon Bitcoinland and Happy Mindrust Day.

Let's enjoy the fact that we've gone up 1400% in the last 365 days... currently $57304USD/$71468CAD (Bitcoinaverage), up from, $3850 (Stamp) a year ago.

Many people who weren't even millionaires a year ago are multi-millionaires now.

It's been a good year and there's no sign of it slowing down.

Go Bitcoin go.

I may have asked this question before in regards to millionaire versus multi-millionaire and maybe it is more relevant to people now.  

I have my own opinion that you have to reach at least three million to be a multi-millionaire - even though technically 2 million does likely count, but being the conservative guy that I am, I believe that it is better to avoid exaggeration and actually wait until you have at least $3million before claiming to have moved from millionaire status to multi-millionaire status.


Do peeps think differently?  sure probably they do.. but am I right that it is better NOT to exaggerate too much?

In regards to actually reaching multi-millionaire status, 3 million, then a person would need around 54 BTC.. if we might use $55k as the measuring BTC price.

Of course 54 BTC at $3,850 (the low price on March 12, 2020) would have ONLY put such same person in a category of having about $210k of BTC wealth which surely is NOT yet at even millionaire status, as Jimbo stated.

So for sure lives of all BTC HODLers have changed in the last year, and surely those in the solid double digit numbers of BTC have reached pretty decently high statuses.. maybe even approaching fuck you status, depending on standard of living and also methods for ensuring financial (and perhaps psychological) security.

lil selfie and other similar jay words etc....

gotta luv ya lil selfie, jay    (nohomo)

(now don't you dare tell me to fuck off or you will hurt my wittle fee fees)

From your sassy actitude, you must be one of those nouveau richie multi-millionaires, you fuck.. (congrats) (no need to give up OPsec... it's our lil secret; I am not going to tell no body).

 

[Biodom]

Also, can you post the link for the Saylor vid?

difficult to pinpoint, but here are a couple:

https://www.youtube.com/watch?v=p0nAKQz22mY EDIT: here is the original: https://youtu.be/QXh_8uZQ-gA?t=201

another

https://youtu.be/XgqC5_eugJI?t=1460

lots of interesting tidbits in this one, not sure if borrowing is there.

[Biodom]

Are we in one of pseudo-stable periods for btc?

I think that a synonym would be "stalled"

It is possible, but honestly, I don't get the hesitation at 58K, it's a number of no clear significance.
Maybe it harks back to the 53K number, which is a $1 tril market cap.
Obviously, we are over that one, but not by much.

None of them mean shit.

My first quoted statement is a question with a pseudo- prefix, that's clear to anyone with a bit of reading comprehension.
Second statement is a description of the current (then) action and my surprise about the numbers.
The rest is a product of your active imagination and unnecessary projection.
For a guy who suppose to have buying/selling all figured out (on Excel), you seem to be overly sensitive to market minutia and people's opinions about it.
You are not on 10X margin, are you? That would be sad.

[Syke]

Here's another. Color me a Saylor fanboy. He gets it.

https://www.youtube.com/watch?v=HkkXCoAVnX8

[JayJuanGee]

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 is reportedly still appearing from time to timel 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.

No Way! was that a year ago already?
Been having so much fun with the price action recently, time seems to be flying by.
Man that guy couldnt have timed it much worse. Did it ever go lower since he sold?
Anyway, I will remember him fondly.

Ivomm is a wee bit wrong.. because I am pretty sure that mindrust sold his 10 BTC at around $4,500, and yeah the BTC price got down to $3,850 on that same day.. so he did not sell at the absolute bottom..

If you look at the BTC price charts as well from that week or two, there ended up being a pretty significant bounce off of $3,850 that brought Bitcoin prices into the $5ks for a day or two, and then when the BTC price dropped back below $4,500-ish many of us were urging mindrust to buy back some if NOT all of his coins, but he said that he was considerably convinced that the BTC price would be going much lower - including that he was giving quite a bit of credit to Masterluc at the time which Masterluc was calling for BTC to go in to the mid to lower $2ks, if not even sub $2k - even though mindrust was likely NOT going to buy any BTC before we get to some of those lower BTC price levels.. so he was quite disinclined to recoupe any of his losses in the lower $4ks or even mid $4ks that BTC reached on that second time, even though I believe about a week or two later he did end up buying back one bitcoin for perhaps around $6k or maybe slightly lower than that... which he deemed to be a sufficient BTC stash in terms of his being protected in regards to either BTC price direction (UPpity or DOWNity) - yet we know what happened and surely did not seem to be enough protection for UPpity from the perspective of a vast many of us.

Are we in one of pseudo-stable periods for btc?

I think that a synonym would be "stalled"

It is possible, but honestly, I don't get the hesitation at 58K, it's a number of no clear significance.
Maybe it harks back to the 53K number, which is a $1 tril market cap.
Obviously, we are over that one, but not by much.

None of them mean shit.

My first quoted statement is a question with a pseudo- prefix, that's clear to anyone with a bit of reading comprehension.

So what?  You still said it because you have a dumb-ass and illogical framework in the way that you be thinking about dee corns.

Second statement is a description of current (then) action and my surprise about the numbers.

Still I stand by my statement that you are getting too caught up in numerology and even torque has seemed to have moved away from that approach....even though my mentioning of his name might cause him to come out fighting, too.

 

The rest is a product of your active imagination and unnecessary projection.

Just witnessing some of your surprise and amazement at bullish BTC prices, even though you do seem to be coming around to accepting that the stock-to-flow is largely playing out.. even though you seem somewhat hesitant about it - which I am not really criticizing the hesitancy, probably more the weirdness of your seeming psychological battling and even perhaps ongoing considerations that we might be at a local top.... you keep saying it and sooner or later you are going to end up being right in terms of having those ongoing hesitancies.

For a guy who suppose to have buying/selling all figured out (on Excel), you seem to be overly sensitive to market minutia and people's opinions about it.

That's true.. I do like to question when people are reading bear signs into what seems to be pretty damned obvious ongoing bullish behaviors.. and as you may have forgotten, my system continues to attempt to create ongoing plays that cause me to have NOT hardly any shits in my feelings regarding if the price goes down or up.. even while I see the ongoing pressures keep pushing the price UPpity... oh it sucks so much for me to have my holdings going up with such great substantive amounts of paper profits while I have sales that amount to quite low percentages of the profits - not even going into the principle.. even though technically my quantity of BTC goes down as the price goes up.. but that is all already built into a plan.. and sure sucks that the plan is playing out even way more bullish than I had considered as likely (even though I understood it as a possibility - that's why I created my system).

You are not on 10X margin, are you? That would be sad.

You should know better than that.. have you learned one fucking thing from my posts over the years that you claimed to have been reading?

I frequently say that you do not need to invest very much into bitcoin in order to become rich as fuck as long as you concentrate on accumulation.., which is largely buying.. which comes in three ways: 1) lump sum buying, 2) DCA buying and 3) buying on dips.  Sure, once you reached your accumulation goals then you can become more flexible.. but I do not fuck around with margin because it is not needed, and I have already reached surplus richie status... seems like I said that too, about a zillion times..(well maybe not quite a zillion, but quite a few times).

[Biodom]

@JJG,
Dude, now you become unhinged and it shows.
Something is seriously wrong with your strategy if it causes you to run around yelling at people for no reason.
It is not even funny despite all that exaggerated baby talk.
Maybe take a day off and recuperate, ffs?
js

[nullius]

If you look at the BTC price charts as well from that week or two, there ended up being a pretty significant bounce off of $3,850 that brought Bitcoin prices into the $5ks for a day or two, and then when the BTC price dropped back below $4,500-ish many of us were urging mindrust to buy back some if NOT all of his coins, but he said that he was considerably convinced that the BTC price would be going much lower - including that he was giving quite a bit of credit to Masterluc at the time which Masterluc was calling for BTC to go in to the mid to lower $2ks, if not even sub $2k - even though mindrust was likely NOT going to buy any BTC before we get to some of those lower BTC price levels.. so he was quite disinclined to recoupe any of his losses in the lower $4ks or even mid $4ks that BTC reached on that second time, even though I believe about a week or two later he did end up buying back one bitcoin for perhaps around $6k or maybe slightly lower than that... which he deemed to be a sufficient BTC stash in terms of his being protected in regards to either BTC price direction (UPpity or DOWNity) - yet we know what happened and surely did not seem to be enough protection for UPpity from the perspective of a vast many of us.

That wasn’t the worst of it.

What does you guys thinking about the bitcoin fall because of the CORONA Viruses catastrophe? Will bitcoin fall to $3000 in this year of 2020? And what's about the halving?.

It is possible. I believe the worse is yet to come.

If the cure gets delayed for a while longer, it will be devastating. Not only to bitcoin but to everything else. Including your daily life. In a situation like I described you can't really make an educated guess about bitcoin. It very well may go to zero.

If an effective cure makes appearance soon though, it will only save bitcoin from going to zero. A new ATH may still happen but it might take longer than we originally hoped for.

The damage is already very big. There will be lots of pain and this pain can't be cured by printing more money.

I recall much more mindrusted talk of that nature.  That is what I found on a 5-second search.

Of course, Bitcoin could go to zero.  If the Internet disappears.  As long as the Internet exists, Bitcoin will exist with some positive value; Satoshi designed it that way, and cypherpunks will assure that the design is used to best advantage.  And if the Internet disappears, it probably means that modern industrial supply chains have collapsed globally.  In that case, you will have difficulty surviving food scarcity, random violence, and the utter unpreparedness of soft, squishy modern man for the hiemal kiss of deadly seasons.  Can you even survive without modern heat?  (Oh, modern man, could you even survive without functional indoor plumbing?)

You did say you would ride it to zero, so fucking ride it to zero.

How can you keep on doing it wrong man?

Bitcoin, go to come hither to nullius!

[El duderino_]

[Fatman3001]

Are we in one of pseudo-stable periods for btc?

I think that a synonym would be "stalled"

It is possible, but honestly, I don't get the hesitation at 58K, it's a number of no clear significance.
Maybe it harks back to the 53K number, which is a $1 tril market cap.
Obviously, we are over that one, but not by much.

None of them mean shit.

My first quoted statement is a question with a pseudo- prefix, that's clear to anyone with a bit of reading comprehension.
Second statement is a description of the current (then) action and my surprise about the numbers.
The rest is a product of your active imagination and unnecessary projection.
For a guy who suppose to have buying/selling all figured out (on Excel), you seem to be overly sensitive to market minutia and people's opinions about it.
You are not on 10X margin, are you? That would be sad.

Hehe, incredible that someone from the old guard is still sparring with the village idiot. That's worth some merits.

[heslo]

lol I love how his son just stirs shit. Their family dinners would be a hoot.

"Hey dad, HFSP!"