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

[ImThour]

1 BTC = 1 Lamborghini Aventador, when?
Right person to guess should be awarded in future by theymos's son.

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[modrobert]

I would like to see Bitcoin at $1,000,000 as much as anyone in here, but will be hard to enjoy it while eating a $1000 big mac.

[Arriemoller]

Its important to see where are we in terms of bitcoin / altcoin season.

What is the meaning of the important thing you are trying to talk about?

The important thing is that this is not a time to invest in the altcoins as many people are shilling their alts (Top 3 altcoins, Altcoins to perform well in April etc etc). Since we are at the top of altseason, its time to sell the alts and get into bitcoins, else you will be stuck in altcoins.

Here is a secret, In the bitcoin season, we should buy cheap alts and sell them in altseason while most people buy alts in altseason.
In altcoin season, we should focus to buy bitcoin to prepare for bitcoin season next.

No, you should always buy bitcoin and hodl, trading will make you lose money, period.

[Phil_S]

[vroom]

there are so many metrics to predict future development, what's wrong with this one?

the altcoin market looks to me a bit like bitcoin's lungs. you can really see them breathing in the charts. they act as a buffer and multiplactor at the same time.

this breathing we see there is the flow of capital. People trying to make profits through price movements. small self-reinforcing and self-referencing feedback loops can then lead to huge price explosions, because all the capital is attracted at the same time as if by a sigularity.

soon.

[Arriemoller]

Stop shilling altcoins in this thread will you.

[AlcoHoDL]

I would like to see Bitcoin at $1,000,000 as much as anyone in here, but will be hard to enjoy it while eating a $1000 big mac.

The only way this can happen is if you buy that Big Mac now with Bitcoin.

[BTCaesar]

Good Morning WO’s...

https://youtu.be/HQXsX3ia8B8

[BitcoinBunny]

1 BTC = 1 Lamborghini Aventador, when?
Right person to guess should be awarded in future by theymos's son.

12th February 2022

[BitcoinBunny]

I would like to see Bitcoin at $1,000,000 as much as anyone in here, but will be hard to enjoy it while eating a $1000 big mac.

With the current Big Mac to BTC price index it would either mean a $10,000,000 BTC /$1000 Mac or a $1,000,000 BTC / $100 Big Mac unless you believe BTC can drop 90%.

[El duderino_]

Sideways in dollars,
though that’s not our interest.
Happy Easter WO.

[Arriemoller]

So, Jesus is dead
But don't you worry, he'll be back
Just like bitcoin will

[BitcoinBunny]

Couldn't even get a fucking Easter Egg yesterday.

Supermarkets raking it in as other shops still forced to stay closed "BeCaUsE iT's ToO dAnGeRoUs"
The big players still can't be bothered increasing supplies or hiring more staff. Why bother when you are making money guaranteed and competition has been forced to shut down?

Everything ok folks: inflation is only 1.5%. 

[savetherainforest]

Well, I guess all those that rush to sell at 59K have no laser eyes.   May be they don't believe in 100K? It is only 66.6(6)% away from 60K! Hence it may take only several days/weeks after breaching 60K to reach 100K. I remember 2 consecutive days in Dec 2017, when the price went from 11K -ish to 19600 making a 66% increase. So yeah, anything is possible.  

Sold some at $59.5K ... bought back at $56.5K ...      

[El duderino_]

image uploader

What if you up 200% and then drop 100%, where does it get you?
https://twitter.com/lamps97455677/status/1378271261722357760?s=20

what if you split your investment in 2? So 100 into 2x 50; first 50 goes to 150 (+200%) and second 50 goes to shit, net result 150. and what if I told you that btc has better odds than this 50/50. if you want to know more, google "sharpe ratio, re-balancing, Kelly criterion).
https://twitter.com/100trillionUSD/status/1378283138946887682?s=20

Exactly. and this is why shorting the market is unpopular you can only make a maximum return of 100%
https://twitter.com/desertislandLTD/status/1378381541546590213?s=20

Great point! Had not thought about it that way. If you short, the odds are against you: max 100% (where long is average 200%, with chance of more).
https://twitter.com/100trillionUSD/status/1378382137083187206?s=20

[El duderino_]

[El duderino_]

Tha little Easter Pump

[Kylapoiss]

Is this a haiku?


I have a feeling
Bitcoin will rise to the moon
We all will be rich


Sorry I just used to write normal poems, didn't get that haiku seed in me.

Anyways, happy Easter and stuff, remember to drink enough (I know the Dude and Bob are for sure).

[modrobert]

I would like to see Bitcoin at $1,000,000 as much as anyone in here, but will be hard to enjoy it while eating a $1000 big mac.

With the current Big Mac to BTC price index it would either mean a $10,000,000 BTC /$1000 Mac or a $1,000,000 BTC / $100 Big Mac unless you believe BTC can drop 90%.

https://twitter.com/danheld/status/1378410323653193729

My comment was a reply to that, point being, if we reach $1,000,000 through hyperinflation, then it's not much to celebrate.

[WhyFhy]

Imho

Final 56-57ish short dump before April pump month continues

57-59 tree shake, wondering if we will wake up with 61+ crossing fingers

I'm with El duderino on this. I'd even push my max shake estimate down to ~55k: that was the level of semi-hard support during the last pushes down... until it wasn't, and she fell in the low 50s.

I doubt the low 50s are doable today, even with max bear effort, but this is a specially long "weekend"! Fiat movements are seriously impaired, so they might try some extra fuckery late on Sunday too. Let them have their fun, we're ready to fill our hodler bags right?

This is not math and science. This is SOMA!!

Well then, but no 61, any of the old ark crew post here?