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

[Krubster]

Now since Tesla is accepting BTC as payment, had me thinking...

An unmodified Tesla Model 3 in the US is roughly $40k. In my country (Sweden) the price is almost $70k. So if I bought a Tesla in the US, and had it shipped to Sweden, do you think Tesla would report that purchace to the swedish IRS? Hmm 

Skatteverket will definitely come after you if you'd register the Tesla, bloodhounds like they are (especially if you've reported any bitcoin sales in the past).

Haha, svenne? Yeah, makes sense. Just had me thinking in my drunken state.

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[AlcoHoDL]

Full Disclosure: Waiting for funds to clear so I can clean out my balance on the exchange, and loading up for a small sell order @ $60k USD for further funding of Ranchero Lawblaw. Hoping it happens in this tax-quarter.

Was going to wait for $75k and sell a larger chunk, but purpose-selling at $60k for the ranch build is justifiable to me.

Rick is already starting to stress out about cost overruns, and I'll be Goddamned if I'm going to let dude cheap out on my dream ranch-home build, so, yeah. Gotta smack that little bitch with my wallet.dat again.

"Yes. I want a fucking fishing dock. I don't see the problem spending $15k to have one properly built, goddamnit. Yes, I understand a new high quality fence will likely set us back $50k-$60k around the perimeter. Yes. I expect the bridge engineering and construction to cost north of $100k" sorta shit.

We have problems.

$15k? $50k-$60k? $100k? Huh? Is this an OPSEC protection post?

These amounts should be fucking peanuts for you guys! Based on my impression about your BTC holdings, I was expecting amounts north of $500k to start worrying you.

Of course, expenses can accumulate on such an ambitious project, so maybe Rick is just trying to keep things under control and making sure you don't go over your planned budget. The voice of sanity kind of thing. Which is good.

In any case, in a few months' time you'll have, at the very least, double the current fiat-worth of your stash (as will all of us HoDLers), so King Daddy Bitcoin will sort you guys out.  

[dieselmeister]

It's totally natural market behavior, that we dump without any bad news. We have even awesome news, but we go down. That's a totally natural market behavior of a huge number of diversified market participants. I am totally sure of it. Someone mentioned a decline of shot positions whilethe market goes down. He mentioned also manipulation through high frequency trading... But I think, it is totally normal, that the market is selling of in a bull run with extrem bullish news. Sure... End of ranting. I am sad, because have no fiat for buy the dip.

[dieselmeister]

I was so excited when Tesla announced they gonna keep hodling BTCs.
Why is the price still going down despite the big announcement?

Went from 56$k to 54k$ 

As I mentioned totally natural market behavior... Totally...

[cAPSLOCK]

The next few 15minutes-es are critical!

Hmmm.  Now it's time to see how good 15m charts work... hoping for not that good.

Well how about this next support line... much more support here!

[Hhampuz]

I was so excited when Tesla announced they gonna keep hodling BTCs.
Why is the price still going down despite the big announcement?

Went from 56$k to 54k$ 

Sell the rumor buy the news.. or something.

But was it even news? When I saw it this morning it felt like this was already "out", no?

[JayJuanGee]

Full Disclosure: Waiting for funds to clear so I can clean out my balance on the exchange, and loading up for a small sell order @ $60k USD for further funding of Ranchero Lawblaw. Hoping it happens in this tax-quarter.

Was going to wait for $75k and sell a larger chunk, but purpose-selling at $60k for the ranch build is justifiable to me.

Rick is already starting to stress out about cost overruns, and I'll be Goddamned if I'm going to let dude cheap out on my dream ranch-home build, so, yeah. Gotta smack that little bitch with my wallet.dat again.

"Yes. I want a fucking fishing dock. I don't see the problem spending $15k to have one properly built, goddamnit. Yes, I understand a new high quality fence will likely set us back $50k-$60k around the perimeter. Yes. I expect the bridge engineering and construction to cost north of $100k" sorta shit.

We have problems.

$15k? $50k-$60k? $100k? Huh? Is this an OPSEC protection post?

These amounts should be fucking peanuts for you guys! Based on my impression about your BTC holdings, I was expecting amounts north of $500k to start worrying you.

Of course, expenses can accumulate on such an ambitious project, so maybe Rick is just trying to keep things under control and making sure you don't go over your planned budget. The voice of sanity kind of thing. Which is good.

I had understood that the blawb was referring to a variety of cost overruns that go beyond some of the initial expectations.. so surely, in and of themselves each one might not make any meaningful difference, but if you keep adding them together, they start to add up to real money.

In any case, in a few months' time you'll have, at the very least, double the current fiat-worth of your stash (as will all of us HoDLers), so King Daddy Bitcoin will sort you guys out.  

I agree that doubling (or some other significant increase) does seem to be pretty likely with whatever value is remaining in bitcoin.. .. surely not guaranteed.. but in the ballpark of decent odds.  On the other hand, I have some difficulties in conceptualizing the spending of value before I have it, but whatever, I am playing a broken record if I were to go down that path at this point.

 

[OutOfMemory]

Maybe tell Rick that this is the one life he got to live, nobody knows how long it's going to last, and he should think about respectfully using this gift instead of thinking about cost-overruns. Maybe try to find out his dream and help him realize it, too. He has to switch modes from wage-slave to retired-and-rich-as-fuck.

Yeah, it seems that anyone is still going to need to account for budgeting decisions and to keep track of moneys, especially the larger purchases.. so for example, if based on finances, there was a decision to buy 200 acres, and then after considering the physical layout and various practicalities of "wanting more", there was a decision to buy an additional 40 acres, sometimes larger purchases are going to trigger a need to reconsider financial matters, and if there was enough money in the petty cash fund to cover the 40 acres, then there might be questions about replacing money in the petty cash funds to cover such a likely large withdrawal.

Sure, sometimes there still can be assistance from accountants, but still there might be some considerable difficulties to completely forget about money and just live in a way that is "rich as fuck."

I don't claim to be any kind of expert in regards to figuring out how to spend some moneys, and sure there could be a certain amount, such a $1million or $2million that ends up going into a "do whatever you like" fund, and but I really doubt that the whole budget can be ignored, even if there were $100 million in the fund, if you go out and start buying yachts and planes without really considering maintenance costs and staffing costs, the funds could get depleted if they are not categorized and attempts are made to contain some costs.

I agree. A "want anything" mindset is not the same as "rich as fuck" (RAF).  
My priorities would be ordered like:
 
1. Fulfill dreams
2. Leave out the useless things (=not-dreams)
3. Constant balancing of these two priorities.

Many RAF people just want to show off, experience the unexperienced and also want to be adored for their richness. The latter would manifest in things like (many) gold plated supercars, buldings designed by the most expensive architects in the world, private spaceships (SCNR), stuff you don't really enjoy, but more just play with.

A fishing bay, a racetrack, modern fence, kettle... seem more like sane but still exclusive things to (really) enjoy.
That's two different pairs of shoes, as a popular saying in my home country goes.

[Elwar]

Annoying. I just went over to Tesla to pick up a used Model S (there are no new ones) and they want this "Credit card" thing.

No clue what's up with that.

I had to set VPN to the US to get the Bitcoin option. Even after choosing US as the location.

[dieselmeister]

Weird, when we have an inverse shampoo pattern or a W, we had a breakout, but this was completely sold back. We have 4k candles in the 5 minutes Charts. Sorry but that is not normal. Are Bots in some kind of war currently?

[El duderino_]

https://twitter.com/MarcusConnorNH/status/1374720670190428163?s=20

Awesome beautiful .... 

Creator of the BTC rollercoaster, improved the original for the occasion

[OutOfMemory]

Weird, when we have an inverse shampoo pattern or a W, we had a breakout, but this was completely sold back. We have 4k candles in the 5 minutes Charts. Sorry but that is not normal. Are Bots in some kind of war currently?

More bots playing on the market for sure.
But patterns are some kind of "oldschool" stuff that might not work well with crypto.

I think i experienced about half of the expected outcomes of the patterns i know.
A pattern is a hint, or hope for, not a guarantee for a certain market movement.
We're at the old probability issue again...

[JayJuanGee]

It's totally natural market behavior, that we dump without any bad news.

That be called Koreck.

Get used to it.. This be called bitttttcoinening.

We have even awesome news, but we go down.

That be called Koreck.

Get used to it.. This be called bitttttcoinening.

That's a totally natural market behavior of a huge number of diversified market participants. I am totally sure of it. Someone mentioned a decline of shot positions whilethe market goes down. He mentioned also manipulation through high frequency trading... But I think, it is totally normal, that the market is selling of in a bull run with extrem bullish news. Sure... End of ranting.

That be called Koreck.

Get used to it.. This be called bitttttcoinening.

I am sad, because have no fiat for buy the dip.

While that is too fucking bad.

Did anyone ever tell you to ONLY pee pare ur lil selfie for UPpity ONLY?

That is a fucking ridiculous position to be in, especially that we are hardly even reaching a 15% price correction, yet.

Maybe we will get to a 15%, maybe not?

Maybe we will get to a 30%, maybe not?

Maybe we will get to a 50%, maybe not?

U has gots to be pee pared for these kinds of market corrections with dee king daddy.

They be completely normal.. even if der be some positive newses.

snap ur lil selfie out of it..

We are still in the $50ks, which is still a 5x increase in BTC's price since early September.. and if we were to drop to $20k or something like that, we would still be around 2x up from our September 2020 prices... not a bad place to be if you zoom out, but if you are ONLY pee paring ur lil selfie for one price direction, you are bound to be setting up yourself for disappointment both psychologically and financially.

Good luck.. seems like ur going to be needing it.

 

[brokedummy]

expiration week fuckery only explanation for this. they'll cover these shorts after they load up on calls for next months expiration day

[cAPSLOCK]

Eek.  If my line is right... we are in for some rough waters...

*edit* On the daily we are still good... barely.

[Hhampuz]

Eek.  If my line is right... we are in for some rough waters...

Share your lines, damnit!

[OutOfMemory]

Eek.  If my line is right... we are in for some rough waters...

Share your lines, damnit!

Scroll to the up 

[somac.]

Jesus those of you in the US session are a bunch of scardy girly man. What's with all the selling all the time?

[JayJuanGee]

Eek.  If my line is right... we are in for some rough waters...

Almost certainly your line is NOT correct.

It couldn't be.

It couldn't be.


I am not going to believe it for even one minute..


until after it has already happened.. then maybe?



Maybe I will say:  "What just happened?"  Maybe?

[AlcoHoDL]

[...]

I agree that doubling (or some other significant increase) does seem to be pretty likely with whatever value is remaining in bitcoin.. .. surely not guaranteed.. but in the ballpark of decent odds.  On the other hand, I have some difficulties in conceptualizing the spending of value before I have it, but whatever, I am playing a broken record if I were to go down that path at this point.

 

Yes, I do believe that Bitcoin current price doubling in 2021 is a very probable outcome indeed, maybe even bearish for many WOers. I would say that reaching (and maintaining) a price level above $100k by the end of 2021 would be an outstanding performance, and will surely become life-changing for many of us.

It's getting so good it's almost scary!