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

[Arriemoller]

Ride the pony !

Did you mean smack the pony?

[1713495152]

1713495152

[Lambie Slayer]

Primed and ready for new All Time Highs and the run to 70k and beyond. 

Missing those updates

847 days since the December 2018 bottom and all is well.  

[Phil_S]

Similar to the recent subject about when should we start to measure BTC's price because of course, one of the very first transactions to buy two pizzas for 10k bitcoin might not be as representative as prices a few months down the road when larger numbers of trades are allowed and even locations for conducting such trades become more common.. so in that regard, there is a kind of product of the number of transactions and maybe the passage of time, and I do have some troubles gravitating on any price analysis that uses 2010 data because it seems so sporadic.. but it seems by the time that we are getting to 2011, even if the BTC price discovery is relatively immature, it seems fair enough to start to use that data rather than waiting for 2013 or some further down the road date - at least in my thinking.

I'd agree. I think that, barring contrary evidence, that is perfectly fine to consider as the seminal event in the price discovery for Bitcoin. I've always been wary of wanting to throw out data because it doesn't fit a narrative.

As Wayne Gretzky said, “I skate to where the puck is going, not where it has been.”

When trying to predict "where the puck is going?", it's important to consider its current position and its position 1 second before.

Because you can extrapolate from that data.

Knowing the puck position from 5 minutes ago, or even from the start of the game would not be very useful...

[vroom]

[Arriemoller]

Did you level up?
If so, congratulations!

Why did I need 1000 merits to level up? I don't understand the level system any more.

[JimboToronto]

Up to urinate.

See $61k... still over $60k.

Back to bed. Go Bitcoin go.

[OutOfMemory]

Merit requirement for Legendary is random in a certain range around 1k.

[AlcoHoDL]

Did you level up?
If so, congratulations!

Why did I need 1000 merits to level up? I don't understand the level system any more.

To level up, you need merits and activity, and to become Legendary you need 1000 merits and an activity of 775-1030 (chosen at random).

He had the merits, not the activity. His lucky number was 924 (or slightly less).

[OutOfMemory]

Damn, I'm having mixed feelings about the outcome of today's market. This is either the beginning of another strong run or the beginning of a drop, because now we're clearly witnessing a double-top unless we go past the high we hit on the 13th of March..

Great morning it is, but tomorrow might suck if the bulls today turn out to be weak! Seems like market signs keep going bullish tho... fuck it, just go all-in and hodl.

Doesn't look quite like a DT to me, but more like an ascending triangle.
Also, read investopedia on DT:

There is indeed a significant difference between a double top and one that has failed. A real double top is an extremely bearish technical pattern which can lead to an extremely sharp decline in a stock or asset. However, it is essential to be patient and identify the critical support level to confirm a double top's identity. Basing a double top solely on the formation of two consecutive peaks could lead to a false reading and cause an early exit from a position.

To me it seems like whales wanted to make the chart look like double topping by the end of march, but failed.
Next try was the recent dip, but they didn't even make it near critical support level(s).
Makes me bullish.

[OutOfMemory]

To level up, you need merits and activity, and to become Legendary you need 1000 merits and an activity of 775-1030 (chosen at random).

He had the merits, not the activity.

Gawd, i got it wrong (again). I'm not surprised, like most of you aren't too...  

EDIT: Maybe BTC can buy me a reliable brain again in the future. But then i will be old, so i won't need it by then 

[AlcoHoDL]

To level up, you need merits and activity, and to become Legendary you need 1000 merits and an activity of 775-1030 (chosen at random).

He had the merits, not the activity.

Gawd, i got it wrong (again). I'm not surprised, like most of you aren't too...  

EDIT: Maybe BTC can buy me a reliable brain again in the future. But then i will be old, so i won't need it by then 

Don't worry, the fact that you own BTC means that you belong to the top 0.1% of the smartest people on Earth. Your brain is fine.

[BitcoinBunny]

Cheers to the 60+K gentlemen club.

[OutOfMemory]

To level up, you need merits and activity, and to become Legendary you need 1000 merits and an activity of 775-1030 (chosen at random).

He had the merits, not the activity.

Gawd, i got it wrong (again). I'm not surprised, like most of you aren't too...  

EDIT: Maybe BTC can buy me a reliable brain again in the future. But then i will be old, so i won't need it by then  

Don't worry, the fact that you own BTC means that you belong to the top 0.1% of the smartest people on Earth. Your brain is fine.

Hahaha!
You might want to know that i planned to get into Bitcoin in 2013 2014, but fucked it up because i was so confused and forgetful all the time.
But things improved over time, especially through nutrition and therapy, so i finally made it 2017 (when i had about a tenth of unused money available, compared to 2013).
This is not a complaint, btw. Things are fine the way they are. If i wouldn't have learned to think that way, i wouldn't want to know how i would be today...


More great news (adoption) from Bittrex Newsletter:

In what will no doubt be the first of many such announcements, the Sacramento Kings are going to allow players to take their salary in Bitcoin: "I'm going to announce in the next few days that I'm going to offer everyone in the Kings organization, they can get paid as much of their salary in bitcoin as they want, including the players,” said Ranadivé, CEO of Sacramento Kings.

I guess by Q3 Bitcoin will be all over in the news, daily.
Cheers!

[AlcoHoDL]

Breaking ATH today will be so cool!

I'm going to visit my little niece & nephew again tonight, and their daddy is the cryptocurrency coiner cousin I posted about earlier! Sadly, he doesn't own BTC, but he's OK with his altcoins, and he's in (modest) profit too, so it's always great to chat with him, the vibes and atmosphere are so upbeat. Whenever we meet, I always recommend to him to move all his altcoins to BTC once he's satisfied with the profits. I hope one day he'll listen to me...

[OutOfMemory]

Breaking ATH today will be so cool!

I'm going to visit my little niece & nephew again tonight, and their daddy is the cryptocurrency coiner cousin I posted about earlier! Sadly, he doesn't own BTC, but he's OK with his altcoins, and he's in (modest) profit too, so it's always great to chat with him, the vibes and atmosphere are so upbeat. Whenever we meet, I always recommend to him to move all his altcoins to BTC once he's satisfied with the profits. I hope one day he'll listen to me...

I bet he will, but a little (too) late for sure.
But i can feel with all the alt- and nocoiners that are insisting that BTC is too high to succeed. Just too bad that they are wrong and don't even know (yet).
Have a good time!

EDIT:
My nocoiner brother in law also comes by tomorrow to finish the tinwork/plumbing.
It's been x6 since last time he came for a visit. I think we won't talk about that.

[20kevin20]

It's been x6 since last time he came for a visit. I think we won't talk about that.

A close friend of mine put a very modest sum in alts after I convinced them to just try cryptocurrencies out. Whenever BTC dropped, I suggested they should start investing and DCA-ing Bitcoin instead. A $100 investment took over 4 years to get to $150; by now, if they invested in BTC instead from the start, they would've had over $6k.

This psychological thing with BTC's price tag works so well it annoys the hell out of me. If you considered Bitcoin expensive every time I recommended you to invest, which was at $700, $1k, $3k, $5k and $10k, it's STILL going up and you STILL consider it expensive even today then I don't even know anymore!

[DeathAngel]

Endless warfare with the 55000 USD to 59000 USD range. Honeybadger is going to tear faces off soon, maybe COIN debut trading day will bring the volume for BTC next week.

60000 USD has fallen, let us see where the next week brings to us. New ATH this weekend? We have been coiling for a long time, maybe an explosion up is near.

[vapourminer]

Personally I had 4 people I know die of this shit. I would say five, but B blew his brains out when he was sick enough that he needed to go to the hospital. So I guess that was a suicide. So far I seem to have no other effects from shot 1 other than feeling sleepy that afternoon and kind of punky the next day with arm hurting when I pressed on it till day 3.

i personally know one person who died of covid from my church. they had a family gathering. basically the whole family caught covid but just one died.

next week is my 2nd pfizer shot. 1st shot side effects were sore arm, mild headache and fatigue. cleared in a couple days.

people can do what they want but im with the science on this one. ive got comorbidities so ill let the deniers take the chance of long term organ system damage from catching covid.

couple of my friends will not get the shot. ive not tried to talk them into it aside from correcting some misinformation (like its a live virus thats injected etc). their choice. once im immunized we can hang out so it works out i guess. except for the part the virus now has willing hosts it can practice mutating in to become even better killers instead of dying.

[philipma1957]

Personally I had 4 people I know die of this shit. I would say five, but B blew his brains out when he was sick enough that he needed to go to the hospital. So I guess that was a suicide. So far I seem to have no other effects from shot 1 other than feeling sleepy that afternoon and kind of punky the next day with arm hurting when I pressed on it till day 3.

i personally know one person who died of covid from my church. they had a family gathering. basically the whole family caught covid but just one died.

next week is my 2nd pfizer shot. 1st shot side effects were sore arm, mild headache and fatigue. cleared in a couple days.

people can do what they want but im with the science on this one. ive got comorbidities so ill let the deniers take the chance of long term damage from getting it.

couple of my friends will not get the shot. ive not tried to talk them into it aside from correcting some misinformation (like its a live virus thats injected etc). their choice. once im immunized we can hang out so it works out i guess. except for the part the virus now has willing hosts it can practice mutating in to become even better killers instead of dying.

I am 64 I get my first shot on Tues the 13th like you it is Pfizer.

Of 75-80 relatives going to holiday parties from Nov 2019 to New Years 2019 8 or 9 of us got it.

3 Went to hospital my wife included.
All survived.
But here we are 1 year and 4 months later with both me and my wife suffering from damage from having it.
Since you can get it  a second time and we had it early We do not want a variant. So we are getting the shots.

We found out my wife had a hidden issue which is why the disease was so hard on her.
She is finally having her lungs heal after more than 1 year of treatment.
I have type 2 diabetes which I can control with keto diet. I am a bit overweight 6 ft 195 lbs.

So frankly we are not taking chances.

Now we BTC taking off and me being well positioned to mine it for the next few years. We could do really well $$ or BTC BTC wise. So I want to be able to travel and have a bit of fun.

So Pfizer it is.

[strawbs]

Hope the ATH
Gets broken on a Sunday
Just for the haikus

Tomorrow will be
the time for us Gentlemen
to smile profusely