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

[AlcoHoDL]

I've had a really fun dream last night. I am not joking, here it is: I was in my very big yacht with some friends having a champaigne party. I was kissing some girl, when I remembered I haven't checked the price for a very long time - a year may be. I started connecting the laptop with some antenas and got online. Then I saw the news that Bitcoin recently had hit $1 000 000. I got very excited remembering that I had over 5 Bitcoins kept for that occasion. But... I completely forgot my key phrase. I knew that I had another complicated method to get access to my coins from the files on the laptop, but in the excitement I couldn't remember that either. Then I noticed a green ligt in my eyes which started running as a small dot over the deck. I realized that this is a laser aim of an armed USA drone. I looked up at the sky and I saw a missile heading towards my boat. I managed to run and jump in the water and after that the boat exploded. The water was on fire which started to spread above my head. I was swimming underwater keeping my breath until I escaped the fire. Then I began to doubt that this was not real but a dream. Of course in RL I have neither millions nor a yach nor a GF. But guess what was the only thing that seemed unrealistic in this whole story? That's right - I haven't checked the price for a year!!! That's impossible! Everything else is completely legit, it can happen! That's how I know that these boating accidents are true!!! 

That's a nice story there!

Funny thing, I'm also having lots of dreams lately. Some good, some bad, some scary, some with corn, some with hookers, some with a combination of the two. No Lambos. No blow. The problem is that I almost always forget everything if I don't write it down the moment I wake up, and I seldom write it down... The sooner you wake up after the dream, the more vividly you will remember it. There are methods that detect REM (Rapid Eye Movement), which means you're in a dream, and wake you up right after REM stops, so that you can recall all the little details.

Psychologists say that having dreams frequently is an indicator of a happy/healthy mental state, whereas not having dreams at all is a bad sign. In that respect, there should be a strong correlation between Bitcoin price and dream activity. The higher the price, the higher the dream activity, until 1 BTC = $1M and your dreams become indistinguishable from reality! 

This is normal. You are fine. Prepare to be mind-blown by what's coming.

[1714864276]

1714864276

[1714864276]

1714864276

[1714864276]

1714864276

[1714864276]

1714864276

[1714864276]

1714864276

[1714864276]

1714864276

[BitcoinBunny]

I've had a really fun dream last night. I am not joking, here it is: I was in my very big yacht with some friends having a champaigne party. I was kissing some girl, when I remembered I haven't checked the price for a very long time - a year may be. I started connecting the laptop with some antenas and got online. Then I saw the news that Bitcoin recently had hit $1 000 000. I got very excited remembering that I had over 5 Bitcoins kept for that occasion. But... I completely forgot my key phrase. I knew that I had another complicated method to get access to my coins from the files on the laptop, but in the excitement I couldn't remember that either. Then I noticed a green ligt in my eyes which started running as a small dot over the deck. I realized that this is a laser aim of an armed USA drone. I looked up at the sky and I saw a missile heading towards my boat. I managed to run and jump in the water and after that the boat exploded. The water was on fire which started to spread above my head. I was swimming underwater keeping my breath until I escaped the fire. Then I began to doubt that this was not real but a dream. Of course in RL I have neither millions nor a yach nor a GF. But guess what was the only thing that seemed unrealistic in this whole story? That's right - I haven't checked the price for a year!!! That's impossible! Everything else is completely legit, it can happen! That's how I know that these boating accidents are true!!! 

Sorry, really hope you don't mind, but your dream was quite inspirational:

(didn't mention your username. If you hate it I will delete this post.)

[OROBTC]

...

Inflation seems to be coming back in style, two items from ZH today:

https://www.zerohedge.com/markets/treasury-injects-record-270-billion-cash-one-day-sending-st-rates-negative   

https://www.zerohedge.com/economics/things-are-out-control-there-shortage-everything-and-prices-are-soaring-what-happens-next

*   *   *

In Peru, our main Korean supplier just raised bearing prices a hefty 8% across the board.

COVID has also hit Peru very hard.  They have a very high caseload rate, and a high death rate.  I know TWO people down there that have died of COVID.  Really horrible down there.

[JayJuanGee]

Good morning Bitcoinland.

Still consolidating in preparation for an ATH... currently $58253USD/$72835CAD (Bitcoinaverage).

Hopefully this won't last long. I'm about halfway through buying enough dollars to pay for our lake. I'm DCAing but a nice price boost would be welcome.

Go Bitcoin go.

Seems like 60k is the new 9000.

And, no, no fracking vegeta memes!

 

For what? A week now?

$9k lasted several months.

Vegeta memes? Ancient history. I'm more worried about 56k modem memes.

Personally I'm looking forward to the Woodrow memes:

We have been bouncing between 50k ish and 60k ish for more than a month now.
Zoom out to 30 days and check for yourself.

Jimbo's point still stands, largely.   Peeps try to get stuck at round numbers and considering that there is some kind of meaningful significance to such numbers - when largely either there is not or the comparison is way too inept and/or inapt.

Remember the first time that we visited $9k in late 2017.. maybe we stayed there for a week or so at best before crossing above $9k and soon thereafter above $10k, and then we had a quickie correction after going over $10k and maybe we were "stuck" at $9k again for a few more days before crossing above $10k again.

Then we went to nearly $20k, and then we came back down to various price points that were quite in the range of $9k and sometimes hitting such $9k from time to time.... passing through and getting stuck from time to time, but largely who should be caring about these matters very much, unless inclined to get caught upon drawing significance in respect to shadows rather than actual light?  

We were at $9k-ish on and off a few times and then peeps want to make all kinds of BIG deals about such number because there is a nice little meme to throw into the mix and make funzies about such number..  But in the whole scheme of things, $9k hardly has any significance beyond the fact that peeps want to draw attention to it..

And, regarding any kinds of attempts to draw significance to $60k.. we have barely even gotten here, whether referring to be here for a month or whatever, that seems to be a bit of a dream to be framing the matter in such a way, when the latest ATH of $61,782 was just breached 6 days ago and that was nearly a 6% increase over the previous ATH that was in the mid $58ks. .so how could a reasonable conclusion be reached about being at $60k for a month or whatever, unless failing refusing to look at actual facts.. and considering what you want rather than where we actually are.  

Furthermore, just a few posts up, didn't Phillip provided a link in this thread to show that there are hardly any numbers filled in the upper $50k and ONLY one number that goes above $60k, so largely we are barely arriving at $60k, which largely means that at the time of this particular post, BTC prices are bouncing around at the top of BTC's current price range, and from here, we may go UPpity and we may go DOWNity.. but seems to be pretty fucking low odds that we will be hanging out in these here price parts for very long, even if some impatient peeps might consider a few weeks or even a month to be long, but that might be where those kinds of peeps might need to zoom the fuck out and get a perspective.

So, I am not even suggesting that there might be some chance (probably slim as fuck) that we might well get stuck in the upper $50ks or the low $60ks, but seems way more likely that we be going to be going either UPpity or DOWNity from here.. with likely a bit better odds for UPpity since we are seemingly in a bull market and the trend is our friend and those lil expressions seem to be more credible than getting stuck numerology theory, especially when making seemingly inept and inapt comparisons between $9k and $60k when history has not even come close to playing itself out yet in this regard.

Oh, but the way, I am still not really opposed to considering that within the four-year fractal concept our current prices could well still be in a kind of $3k territory of comparison.. but it is also quite possible that if we end up being in a kind of 2013 rather than a 2017 comparison then there could be a toppening around these here parts and allow for potentially further UPpity at a later time.. not really seeming toppy at this time, but who knows, really?

We have been bouncing between 50k ish and 60k ish for more than a month now.
Zoom out to 30 days and check for yourself.

Sorry. I don't consider bouncing up and down between $43k and $58k as being "$60k".

I see it as the battle for $50k. When we hit $60k a week ago, I figured $50k was finally a done deal.

Surely, Jimbo's response much shorter than mine and contains the same ideas..

Sucks to be me.   

[Dabs]

Your dreams are a manifestation of not being stressed out as much as others, particularly those who are in some sort of financial trouble, debts, or something else. You are more certain of your future than others. That's a good thing. That's maybe why it's called peace of mind.

[vroom]

We have been bouncing between 50k ish and 60k ish for more than a month now.
Zoom out to 30 days and check for yourself.

Sorry. I don't consider bouncing up and down between $43k and $58k as being "$60k".

I see it as the battle for $50k. When we hit $60k a week ago, I figured $50k was finally a done deal.

Well the same was true for 9000, we bounced of it constantly, just like we now bounce of 60k, that's what the vegeta memes was all about, hence my analogi.

I blame the euro. We are at the €50k border.

[dieselmeister]

We have been bouncing between 50k ish and 60k ish for more than a month now.
Zoom out to 30 days and check for yourself.

Sorry. I don't consider bouncing up and down between $43k and $58k as being "$60k".

I see it as the battle for $50k. When we hit $60k a week ago, I figured $50k was finally a done deal.

Well the same was true for 9000, we bounced of it constantly, just like we now bounce of 60k, that's what the vegeta memes was all about, hence my analogi.

Hey, we bounced also at the 50k several times... was no fun then ... I bragged about it, but finally we get beyond it!

[AlcoHoDL]

We have been bouncing between 50k ish and 60k ish for more than a month now.
Zoom out to 30 days and check for yourself.

Sorry. I don't consider bouncing up and down between $43k and $58k as being "$60k".

I see it as the battle for $50k. When we hit $60k a week ago, I figured $50k was finally a done deal.

Well the same was true for 9000, we bounced of it constantly, just like we now bounce of 60k, that's what the vegeta memes was all about, hence my analogi.

I blame the euro. We are at the €50k border.

Yes, this could be it. Those nice, round numbers that our brains love so much. Rest assured, 50k € will soon be outside the chart range. Next major target will be 100k $/€. The ones in between should be easier to conquer.


@BitcoinBunny: Merit-worthy! (sorry, I'm out.) Very nice and funny visualization of ivomm's dream! Lucky bastard, he escaped just in time! LOL!  

[virasog]

We have been bouncing between 50k ish and 60k ish for more than a month now.
Zoom out to 30 days and check for yourself.

[OutOfMemory]

I've had a really fun dream last night. I am not joking, here it is: I was in my very big yacht with some friends having a champaigne party. I was kissing some girl, when I remembered I haven't checked the price for a very long time - a year may be. I started connecting the laptop with some antenas and got online. Then I saw the news that Bitcoin recently had hit $1 000 000. I got very excited remembering that I had over 5 Bitcoins kept for that occasion. But... I completely forgot my key phrase. I knew that I had another complicated method to get access to my coins from the files on the laptop, but in the excitement I couldn't remember that either. Then I noticed a green ligt in my eyes which started running as a small dot over the deck. I realized that this is a laser aim of an armed USA drone. I looked up at the sky and I saw a missile heading towards my boat. I managed to run and jump in the water and after that the boat exploded. The water was on fire which started to spread above my head. I was swimming underwater keeping my breath until I escaped the fire. Then I began to doubt that this was not real but a dream. Of course in RL I have neither millions nor a yach nor a GF. But guess what was the only thing that seemed unrealistic in this whole story? That's right - I haven't checked the price for a year!!! That's impossible! Everything else is completely legit, it can happen! That's how I know that these boating accidents are true!!! 

Sorry, really hope you don't mind, but your dream was quite inspirational:

(didn't mention your username. If you hate it I will delete this post.)

Camel Toe

Completely lost it there 
Thanks for the laughs!

[d_eddie]

I've had a really fun dream last night. I am not joking, here it is: I was in my very big yacht with some friends having a champaigne party. I was kissing some girl, when I remembered I haven't checked the price for a very long time - a year may be. I started connecting the laptop with some antenas and got online. Then I saw the news that Bitcoin recently had hit $1 000 000. I got very excited remembering that I had over 5 Bitcoins kept for that occasion. But... I completely forgot my key phrase. I knew that I had another complicated method to get access to my coins from the files on the laptop, but in the excitement I couldn't remember that either. Then I noticed a green ligt in my eyes which started running as a small dot over the deck. I realized that this is a laser aim of an armed USA drone. I looked up at the sky and I saw a missile heading towards my boat. I managed to run and jump in the water and after that the boat exploded. The water was on fire which started to spread above my head. I was swimming underwater keeping my breath until I escaped the fire. Then I began to doubt that this was not real but a dream. Of course in RL I have neither millions nor a yach nor a GF. But guess what was the only thing that seemed unrealistic in this whole story? That's right - I haven't checked the price for a year!!! That's impossible! Everything else is completely legit, it can happen! That's how I know that these boating accidents are true!!! 

Sorry, really hope you don't mind, but your dream was quite inspirational:

-snip-

I'm sure it's possible to figure out some relaxation technique to help the rich bitcoiner remember the key phrase - or at least part of it. She's just got to try a little harder, before the Feds come and spoil the party. That would give the dream a happier ending.

[Dabs]

I'm sure it's possible to figure out some relaxation technique to help the rich bitcoiner remember the key phrase - or at least part of it. She's just got to try a little harder, before the Feds come and spoil the party. That would give the dream a happier ending.

It might have the opposite effect and cause said bitcoiner to forget everything at that moment.

How does she know he is the last hodler? Must be a gov spy.


New movie: The Last Hodler.

[shahzadafzal]

Sorry, really hope you don't mind, but your dream was quite inspirational:

(didn't mention your username. If you hate it I will delete this post.)



...

Hahaha awesome loving it...

One of the few reasons why my most of time on Bitcointalk is spent on WO and why I seek refuge here.

[ivomm]

[editet out]

Thanks, mate! This was exactly how I saw it. Great work! And I guess the comments that I'am in a peaceful state of mind are correct. I have never been happier in all my life! But not completely happy, yet! Although in my small and poor country I may be considered rich as fuck, I can't afford big yachts or lambos. Ok, may be a cheaper yacht, second hand lambo, 1 or 2 villas at the beach (here the prices are 5x lower compared to the USA or EU resorts), and last but not least - no need to work for the next 35 years if I retire now. For now, I am considering the last part - the early retirement, later to have the things that I can afford and bring me joy  

[JayJuanGee]

Here is a favorite calculator to play with: https://firecalc.com/

The default values there imply a 95% success rate starting with $750k and withdrawing $30k per year for 30 years.

Thanks for providing that link.

Interestingly if you go to the "My Portfolio" tab and enter :"A portfolio with consistent growth of 200%" which is the historical BTC CAGR according to https://cointelegraph.com/news/bitcoin-s-compound-annual-growth-is-an-unheard-of-200-cagr, then anyone with a few BTC can retire right now ...  

That would imply you already have $750k worth of BTC and withdrawing around $30k per year, and as long as the "consistent" growth is above 8% then you'll be okay.

Which kinda makes sense. If you don't have maybe at least 15 BTC (fudge margin error buffer added), and you can't live on $30k per year, don't retire just yet.

I always consider that it is way better to attempt to maintain a considerable cushion with any potentially volatile asset, and BTC fits in the category of potentially volatile asset, and of course, part of any justification to diversify into various assets (rather than keeping value in one asset) remains to have some kind of assurance that the value of the overall portfolio is going to maintain its value and hopefully appreciate at a value that is at minimum equal to the withdrawal rate (maybe even a need to account for inflation, too). 

If in the end, faulty evaluations of the value of the various assets in the portfolio are made, then overwithdrawing becomes much more likely to happen, too, so in that regard, it is good to have some kind of system in place in which the withdrawing accounts for likely performance of the assets or the portfolio but does such withdrawing in a relatively conservative way that does not end up overwithdrawing merely based on present value or expected value that ends up not happing.  Yes, I recognize that if you try to assess your asset performance at a minimum of 8% like in the example that you gave, Dabs, then having a withdrawal rate of 4% should be a decent cushion.. so maybe if the asset is performing decently well, then all of the withdraw for a year could be done at the time of the decent performance, rather than withdrawing every quarter, month or week but then perhaps having a shrinking amount that can be withdrawn because the asset(s) had gone down in value during those periodic withdrawals.

As I mentioned several times, my solution has been to engage in under valuation of assets such as bitcoin in order to determine the amount that I would authorize myself to withdraw, and of course then there is an attempt to account for bottoms and even extreme bottoms rather than seemingly less conservative methods that would either measure present value and/or expect some kind of ongoing increase in value based on present value, which many of us recognize NOT to be any kind of guarantee in bitcoinlandia...at least not if we look at BTC prices at anything less than a 4 year time line and I would even argue that historical appreciations on a 4 year time line does not guarantee the continuance of such ongoing BTC price appreciations in 4 year timelines.

[Parazyd]

"He/she who dominates the memes, dominates the multiverse"

https://twitter.com/Scaramucci/status/1372993033688518656

[AlcoHoDL]

"He/she who dominates the memes, dominates the multiverse"

https://twitter.com/Scaramucci/status/1372993033688518656

Nice meme, but the car is going backwards... Unless it's deliberate—maybe the memer is trying to tell us something? 

[Arriemoller]

Good morning Bitcoinland.

Still consolidating in preparation for an ATH... currently $58253USD/$72835CAD (Bitcoinaverage).

Hopefully this won't last long. I'm about halfway through buying enough dollars to pay for our lake. I'm DCAing but a nice price boost would be welcome.

Go Bitcoin go.

Seems like 60k is the new 9000.

And, no, no fracking vegeta memes!

 

For what? A week now?

$9k lasted several months.

Vegeta memes? Ancient history. I'm more worried about 56k modem memes.

Personally I'm looking forward to the Woodrow memes:

We have been bouncing between 50k ish and 60k ish for more than a month now.
Zoom out to 30 days and check for yourself.

Jimbo's point still stands, largely.   Peeps try to get stuck at round numbers and considering that there is some kind of meaningful significance to such numbers - when largely either there is not or the comparison is way too inept and/or inapt.

Remember the first time that we visited $9k in late 2017.. maybe we stayed there for a week or so at best before crossing above $9k and soon thereafter above $10k, and then we had a quickie correction after going over $10k and maybe we were "stuck" at $9k again for a few more days before crossing above $10k again.

Then we went to nearly $20k, and then we came back down to various price points that were quite in the range of $9k and sometimes hitting such $9k from time to time.... passing through and getting stuck from time to time, but largely who should be caring about these matters very much, unless inclined to get caught upon drawing significance in respect to shadows rather than actual light?  

We were at $9k-ish on and off a few times and then peeps want to make all kinds of BIG deals about such number because there is a nice little meme to throw into the mix and make funzies about such number..  But in the whole scheme of things, $9k hardly has any significance beyond the fact that peeps want to draw attention to it..

And, regarding any kinds of attempts to draw significance to $60k.. we have barely even gotten here, whether referring to be here for a month or whatever, that seems to be a bit of a dream to be framing the matter in such a way, when the latest ATH of $61,782 was just breached 6 days ago and that was nearly a 6% increase over the previous ATH that was in the mid $58ks. .so how could a reasonable conclusion be reached about being at $60k for a month or whatever, unless failing refusing to look at actual facts.. and considering what you want rather than where we actually are.  

Furthermore, just a few posts up, didn't Phillip provided a link in this thread to show that there are hardly any numbers filled in the upper $50k and ONLY one number that goes above $60k, so largely we are barely arriving at $60k, which largely means that at the time of this particular post, BTC prices are bouncing around at the top of BTC's current price range, and from here, we may go UPpity and we may go DOWNity.. but seems to be pretty fucking low odds that we will be hanging out in these here price parts for very long, even if some impatient peeps might consider a few weeks or even a month to be long, but that might be where those kinds of peeps might need to zoom the fuck out and get a perspective.

So, I am not even suggesting that there might be some chance (probably slim as fuck) that we might well get stuck in the upper $50ks or the low $60ks, but seems way more likely that we be going to be going either UPpity or DOWNity from here.. with likely a bit better odds for UPpity since we are seemingly in a bull market and the trend is our friend and those lil expressions seem to be more credible than getting stuck numerology theory, especially when making seemingly inept and inapt comparisons between $9k and $60k when history has not even come close to playing itself out yet in this regard.

Oh, but the way, I am still not really opposed to considering that within the four-year fractal concept our current prices could well still be in a kind of $3k territory of comparison.. but it is also quite possible that if we end up being in a kind of 2013 rather than a 2017 comparison then there could be a toppening around these here parts and allow for potentially further UPpity at a later time.. not really seeming toppy at this time, but who knows, really?

We have been bouncing between 50k ish and 60k ish for more than a month now.
Zoom out to 30 days and check for yourself.

Sorry. I don't consider bouncing up and down between $43k and $58k as being "$60k".

I see it as the battle for $50k. When we hit $60k a week ago, I figured $50k was finally a done deal.

Surely, Jimbo's response much shorter than mine and contains the same ideas..

Sucks to be me.  

As you know, you are one of the few I have on ignore, but this time I decided to take a peek at your scribblings, and I must say, I do agree with your conclusion, it sucks to be you.

[Arriemoller]

Price going down yo!

[LFC_Bitcoin]

Price going down yo!

Every time we get anything close to clear of $59,100.

Hmmmm.