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

[d_eddie]

Unfortunately, some people who know I have bitcoin seem not to care for my opsec and will happily discuss the fact that I hold btc with anyone they feel like.

Anyone else in the same boat?

You mean the boat that capsized, throwing all your coins at the bottom of the deep sea?

[Globb0]

Why dont helicopters drop cash in my garden?

[YourMother]

This is our time

Our time to watch the institutional investors stampeding over each other for the last BTC spread across hundreds of exchanges. Microstrategy and Tesla have started this snowball where every fund or corporation is now shaking in their boots, thinking: What if our competitors are buying BTC ? They will start with a conservative 10% treasury allocation and once they'll fully understand blockchain, they will start fomo-ing in larger percentages.

This is what we've been expecting since the early 2010's. We fucking did it!

no not yet but close.

once we crest over 100k and simply stay there with sideways and slowing upwards trends we will be there.

The 2001 to 2008 DowJones was all bull a 7 year run.  I have zero idea how long this bull run will be but maybe just maybe we can see a real long run here 2+ years so sideways and slowly upwards would mean a maturing of the market.

I can still see 7-11 trillion as the longterm goal as BTC becomes the new gold.

And space mined gold is simply a far more common useful metal.

"no not yet but close.

once we crest over 100k and simply stay there"

You make little sense. I'm talking about fundamentals and the institutional stampede that is happening right now and you're countering me with some magical number that "you" think will bring maturity to the market. Huh ?  

 the problem is the fundamentals you are using are worthless. There are no magical numbers to be found with your charts and fundamentals.

Case in point show me any stock that has done the rise in value that bitcoin has done since 2009 to 2021.  The answer is no such comparable exists.  Thus all fundamentals you are using are wrongly applied.

Since no stock has behaved in the pattern of btc.

But I realize that much like a horse and buggy owner apply your fundamentals if they make you feel safe from the horseless carriages.

WE ARE ENTERING A NEW AGE.  We simply are not quite there yet.

I DO SEE why me picking a flat number like 100k can upset you.

So the new floor we be 100 k the bull run has more then 6 to 9 months left. We will peak near 160k and slowly retreat back close to 100k. At this point there will be a lone sideways action. IT will end when Musk and NASA Tell us about gold mining.
Asteroid gold mining will alter gold to a different status. As it will allow for 100 year or more batteries. Solar will take over bigly as the battery replacement issue for true off grid will be gone. Btc mining will be the primary force behind cheaper energy.

The industry will mature and flat line. The next plateau is the 100-160 range. The eventual plateau is 750k in today's dollars. That is about 20 years to 30 years from now.

Do yourself a favor and do not try using fundamentals to predict btc price levels.

And do not knock magical thinking when it comes to BTC

"Do yourself a favor and do not try using fundamentals to predict btc price levels."

You're asking me to NOT use the fundamentals to predict that BTC will -at minimum- replace gold. As if this was not the case up until now. Aha.... lol

[Arriemoller]

Another bump in the head from the 60k ceiling.

[ivomm]

Another bump in the head from the 60k ceiling.

#Bitcoin BTC trying to break 60K again...

https://twitter.com/i/status/1373244258665238537

[Elwar]

This dude almost had the same idea as me.

I was going to fart into a jar and sell it as an NFT.

https://nypost.com/2021/03/18/nyc-man-sells-fart-for-85-cashing-in-on-nft-craze/

Did anybody post this yet? Sorry, I haven't been keeping up, admittedly.

Somebody beat you to the punch Elwar. Think about that, you missed out on $85.

https://nypost.com/2021/03/18/nyc-man-sells-fart-for-85-cashing-in-on-nft-craze/

edit: scrolling up 3 posts I'm guessing its indeed been posted

The link you posted is literally the same link I posted. 

[Arriemoller]

So, I was gonna remake a comic book front page, but it turns out I don't know how paint works and I don't have photoshop. So this is all you get.

[lightfoot]

Yesterday, a neighbour asked me if I know anything about "cryptocurrencies". A couple of years ago I would jump at the opportunity to explain to him all about it, teach him how to set up a wallet, open a Kraken account, etc. Now, I just replied "I've been reading about it, seems to be a thing. Don't know much more than that though, sorry..."

Can't be bothered anymore. It's the same old story, the more others know about you and what you can do, the more work and trouble will fall on you, because, in the end, it comes down to human nature. Everyone's looking for a free lunch, a pill they can swallow and suddenly solve their lives' problems. Well, I say "fuck you, get on your bike and work for it."

Hm. I checked my records and I got into Bitcoin in late 2012 when someone told me about it in casual technical conversation. Granted it's a problem that I had been working on since the mid 1990's, but when I heard the concept that each block had a checksum that included the PREVIOUS block's checksum I suddenly thought *FUCK, THAT'S IT!!!* and started looking.

If that person hadn't talked to me about it I wouldn't have really given it thought till the mid 2010's. So in honor and respect of that I'll give a basic discussion to anyone who asks. And if they start arguing about how it USES THE WORLD'S POWER or is a fraud, or HOW ABOUT THIS SHITCOIN I'll just say "sounds like you already know a good bit, nothing I could say can further that" and start talking about hookers and blow or shit like that.

If someone has a root already nailed into their mind it's pretty impossible, pointless, and annoying to try and weed it out. Better to let life do what it does and let them learn for themselves. Glinda understood this with Dorothy, that's why she had D loot the Witch of the West and follow a pointless road.

Oddly enough I had a root already in my head and saw bitcoin as the right solution to the damn problem of what happens when some fuckhead hacks the database chain and changes an earlier block. And here we are.

[AlcoHoDL]

I've set up my Bitcoin monitoring phone app to alert me when corn crosses 50/60/70/80/90/100k €, using a special sound. I heard it a few times today.

Nwice!

[LFC_Bitcoin]

$60,000 still seemingly too tough a nut to crack. It’ll break soon enough but I wonder how long we’ll have to wait.

[lightfoot]

I have it set to play George Clinton's "Big Pump" at 100k. And I don't care if I'm in a meeting with a CEO, when it goes off I'll be dancing on the nearest flat surface.

[Richy_T]

It also should sink in that Microsoft essentially makes all it's money putting a new version # on a piece of software that it perfected 2 decades ago, and all the world's corporations and users are forced to upgrade to it no matter what. You "pay" to continue using the same shit you already paid for many times over.

Yep, very special species indeed.

Not content with charging monopoly pricing for their shitty software, they have now loaded it with spyware and adware too.

[WastedLTC]

Unfortunately, some people who know I have bitcoin seem not to care for my opsec and will happily discuss the fact that I hold btc with anyone they feel like. Which is annoying, since I don't go around talking about anyone else's finances. So I am wondering how to address this issue. It didn't seem to matter many years ago that I had told a few of my friends about my btc holdings but now, at these prices, it's something I wish I hadn't done.

Anyone else in the same boat?

Pretty much everyone...     

[JayJuanGee]

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.

For sure, the story seems to be begging for a sequel because of the missening of some kind of ending that would have happier within it.....  not to be too maniacally focused on only one angle of the story - which surely is good as told in the Ivomm variation (if such a dream actually happened as he told it, is surely interesting in itself in terms of what kinds of dreams this cat is having) and also interesting in the BitcoinBunny variation.... with pictures that really help to flesh out some otherwise under appreciated details.  By the way, I am sure that Ivomm's variation had pictures too, and gosh dreams can be detailed and even visual but sometimes will also fade away if they are not somehow captured in a timely manner, at least in the experiences of yours truly.

[Richy_T]

If that person hadn't talked to me about it I wouldn't have really given it thought till the mid 2010's. So in honor and respect of that I'll give a basic discussion to anyone who asks. And if they start arguing about how it USES THE WORLD'S POWER or is a fraud, or HOW ABOUT THIS SHITCOIN I'll just say "sounds like you already know a good bit, nothing I could say can further that" and start talking about hookers and blow or shit like that.

I was speaking to my friend who swapped all the bitcoin I sold him for some useless shitcoin that, of course, went to zero and he now proudly told me after buying some more that he no longer has any bitcoin. Apparently he's all in on eth so at least not completely retarded but still... he also cited the energy thing.

People are being fuelled by greed and getting in on the "next big easy money" and are ending up clutching at straws and rationalizing their shaky choices. If you ask them what their alt-of-the-week brings to the table, you rarely get a satisfactory answer.

It also gets old being asked "What do you think of X alt" to which my reply is typically that there are more than 7000 alts.

[OutOfMemory]

Yesterday, a neighbour asked me if I know anything about "cryptocurrencies". A couple of years ago I would jump at the opportunity to explain to him all about it, teach him how to set up a wallet, open a Kraken account, etc. Now, I just replied "I've been reading about it, seems to be a thing. Don't know much more than that though, sorry..."

Can't be bothered anymore. It's the same old story, the more others know about you and what you can do, the more work and trouble will fall on you, because, in the end, it comes down to human nature. Everyone's looking for a free lunch, a pill the can swallow and suddenly solve their lives' problems. Well, I say "fuck you, get on your bike and work for it."

Wow I thought I’m alone in this... trust me I used to sit down with pen and paper to explain this to my seniors and peers. And most of the time it would end like “oh that’s a big bubble”...or “I didn’t get it, prove to me how Bitcoin is worth $6,000”.... “there are only 21 million bitcoins, that’s not how money works”.... and most of the time usually will stop here when they will hear “yes uncle, you need internet all the time”.

I just keep everything to myself or put it here on WO

Yup, I've definitely stopped tying to explain btc to anyone these days. It's not as if there isn't enough info on the interweb now for anbody with sufficient motivation to go and find out for themselves.

I introduced several friends to bitcoin in 2013. One invested almost immediately and hodled for a few years, cashing out most of their stash near the 2017 top. They made a tidy sum but their stash is now very small and they've largely missed out on this run.  Another friend left it far too late to buy in, and did so near the 2017 top and also bought a load of shitcoins because they "couldn't afford bitcoin".   They then panic sold everything during the following bear market and made a huge loss. The other day I was disheartened to hear that the same person is now buying shitcoins again. They did at least admit that they should have listened to me properly in 2013.

So I feel like I was half successful with the first friend and completely unsuccessful with the second friend, even though the info I explained to them was identical. So my conclusion was that some people are just not ready for this and I can spend my time in better ways.

As the old saying goes, "you can lead a horse to water but you can't make it drink."

Unfortunately, some people who know I have bitcoin seem not to care for my opsec and will happily discuss the fact that I hold btc with anyone they feel like. Which is annoying, since I don't go around talking about anyone else's finances. So I am wondering how to address this issue. It didn't seem to matter many years ago that I had told a few of my friends about my btc holdings but now, at these prices, it's something I wish I hadn't done.

Anyone else in the same boat?

I was. I jumped out of it.
Everybody asking me about my bitcoin (exception: my mum), i tell them i had to sell them at the bottom to pay for the extension of our house.
I also say it was worth it, and that bitcoin is the greatest thing since the internet.

[vapourminer]

I have it set to play George Clinton's "Big Pump" at 100k. And I don't care if I'm in a meeting with a CEO, when it goes off I'll be dancing on the nearest flat surface.

the CEOs desk could be a good start

[OutOfMemory]

$60,000 still seemingly too tough a nut to crack. It’ll break soon enough but I wonder how long we’ll have to wait.

My lines and science and math are telling me: this weekend.
We may dump a lil under $50k $60k afterwards for a short while, though.

Nah, it's only SOMA, but it really feels like it will happen this way.

[LFC_Bitcoin]

Unfortunately, some people who know I have bitcoin seem not to care for my opsec and will happily discuss the fact that I hold btc with anyone they feel like. Which is annoying, since I don't go around talking about anyone else's finances. So I am wondering how to address this issue. It didn't seem to matter many years ago that I had told a few of my friends about my btc holdings but now, at these prices, it's something I wish I hadn't done.

Anyone else in the same boat?

Pretty much everyone...     

Yeah, I was discussing this with my gf the other day. She has family members that have told loads of other family members. It’s really irritating, I don’t want to be having to face questions like -

‘So how many bitcoin do you have’
‘What are they all worth’
‘When will you sell’

Mind your own damn business. I don’t ask to see your wages or bank statements, assholes.

[Arriemoller]

$60,000 still seemingly too tough a nut to crack. It’ll break soon enough but I wonder how long we’ll have to wait.

My lines and science and math are telling me: this weekend.
We may dump a lil under $50k $60k afterwards for a short while, though.

Nah, it's only SOMA, but it really feels like it will happen this way.

9000 all over again, told you.