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

[Arriemoller]

I don't like chartbuddy, I just find it irritating.

But make a poll and we will see, if it comes out positive, then make another one after a month and see if people still like it.
I think a lot of new people in here have no idea what it is and how annoying it was.

[1714058221]

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[1714058221]

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[julian071]

Bought a new car today, not quite a Lambo, Bugatti or Tesla, but very happy with it. Drives like a kart. 2 Litre petrol from 2008. Thank you BTC!

[Arriemoller]

Is the laser eyes fad over now? Can I change back to my old avatar?

[Arriemoller]

Bought a new car today, not quite a Lambo, Bugatti or Tesla, but very happy with it. Drives like a kart. 2 Litre petrol from 2008. Thank you BTC!

Nice! Congratulations!

[ivomm]

It seems that the americans are in the mood of selling in the last month. As the day develops in USA, the red hours on the unmentionable exchange are always in a row of 8-12. Which is pretty odd considering how inflatory and useless the $ is becoming each day. I really wonder how with small <1% profits or even cut losses they will cope with the inflation which is huge and perhaps heading to a hyper stage soon. Ok, go ahead, sell your 0.001BTC and feel rich   More cheap coins before the next 20x increase  

P.S. And the narrative that those stimi checks that the americans would use 10% to buy BTC, according to the surveys is just lol. It was logical and right to do, but... It turned out that not even 0.1% were used for that if we compare the volume in the last month with the previous months. Whether the "clever" americans think that BTC is now "too expensive" or just want to feel rich with that stimi checks and add to that selling with 1-2% profit their BTC stash is not clear. But it is quite "clever" indeed,... beyond comprehension.

[El duderino_]

Please resume the pump....
I know it’s  April grilling.
HODLsleep, good night.

[Richy_T]

58

Hello darkness, my old friend.

[eXPHorizon]

Bought a new car today, not quite a Lambo, Bugatti or Tesla, but very happy with it. Drives like a kart. 2 Litre petrol from 2008. Thank you BTC!

Not that i wanna piss on your Bonfire but.... SELL THIS BMW and buy a Series 3 one. This one you have is a terrible car, cause of its uneven weight destribution it makes it a death trap above 180+kph. But you know... dont take my advice, they are 100% spot on but peeps dont like em

[Elwar]

A cAPSLOCK Saturday Long Post brought to you by COFFEE, "the liquid that keeps me going".

Great write up, I feel like WO is maturing to the point of people putting in hours of time to make quality posts (ie. the custom comic strip based on someone's dream). This thread is a hidden gem of the Internet and I hope nobody else finds out about it.

I would add to your post that the first Bitcoin wallets included a button for mining. That was eventually split out into separate layers.

[xhomerx10]

Is the laser eyes fad over now? Can I change back to my old avatar?

 It has taken so long, I can't remember if the laser eyes was for $100k BTC or getting the covid vaccine.  Either way, No!

[Richy_T]

Me? I'll be dead before all that Armageddon stuff happens, so I really DGAF...

The schedule's been updated. You might be in for a surprise.

[OutOfMemory]

why the hell would you sell now.

I have special needs  

Dude...

I you need the money:
SELL!

Fuck the price. You want your dream come true: A ranch with a race track and all that.
So what are you scared of, actually?

I'm not a fucking hipster or something like that, and i never thought that i will ever write the following in a forum thread on the internet:
YOLO



EDIT: I may be biased, i already sold today to cover a part of the cost for my children to have a room of their own each, and also their parents  
I go through the same kind of decision for months now, but in the end it's just my ugly lil ego that tells me not to sell below $XX.XXX
But this kind of thinking is bullshit. Now i sell when i need to.
It's a little twitch at most when hitting the SELL button now.

[Elwar]

Bought a new car today, not quite a Lambo, Bugatti or Tesla, but very happy with it. Drives like a kart. 2 Litre petrol from 2008. Thank you BTC!

I feel so strange, I paid $11k for my current car. Almost every car I buy is at least 10 years old...by buying a 10 year old car I get the same feeling up getting upgrades every time I buy my next car.

But with Tesla accepting bitcoin I want to buy a Tesla, but if it's a battery technology I know that it makes sense to buy a new car. So the Tesla I'd like to buy is over $100k. I can certainly afford it. But it's such a huge leap. The first house I bought was nice, had 3 acres of land and only cost me $85k. I just can't imagine buying a car that's more expensive than what I'd pay for a house (don't get me started on the prices of houses right now...).

Reminds me of the inflation rate throughout my career. When I started work in the late 90s the Social Security cutoff rate was just above my salary around $45k. My last job in the US the Social Security cutoff was just above my salary around $90k. Which means that throughout my whole career I really never truly got a raise. I just kept up with inflation (which is the point the Keynesians make about making workers think they're making more money).

[JayJuanGee]

Wasn't he referring to seasonal rains?

Isn’t it Bitcoin season?

Yes, since 2009 actually 

Of course, overall bitcoin has done quite well since it went live in January 2009, yet who the hell really knew about it for some time... except for a few guys that were really in the nerdiest of nerdy circles in terms maybe having some potential technical knowledge.

And, still bitcoin did not really get any kind of attempts at tangible price discovery until around May 2010, the time of the pizzas transaction.. and maybe there have been some spreading of the news about bitcoin as the price was getting assigned to it and it was being found out about by more and more people.  I am pretty sure that I heard the word, "bitcoin" a few times before I looked into it, and maybe I just thought something superficial that it is a kind of invented money like Lindy Dollars or whatever.

I do believe that we should be attempting to consider some of the nuances of bitcoin's price movements and cycles which does seem to cause it to have seasons in which some folks could well be in a world of hurt if they are not able to figure out strategies to get through the cycles.. both financially and psychology, and surely hardly any of us were able to get into bitcoin in 2009 or even sometime soon thereafter be able to have some of the pleasures of experiencing the price appreciation of its whole life... We only know about bitcoin between 2009 and whatever time that we got in through the experiences of others - not that I am saying that you actually "have to" own bitcoin in order to benefit from its invention and they incentive systems that it has set up that will likely end up benefiting everyone, whether they own it or not... and sure the owners of bitcoin do seem to have gotten quite rewarded through the years and likely to continue to be rewarded as far as what seems to be likely in the future.

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.

I hate to quibble with a fellow bull - but seems to me that there is some level of smarts and luck in terms of finding out about bitcoin and then acting upon such knowledge.   When I found out about bitcoin in late 2013, I was so damned ready for it because it seemed to have been exactly the investment category that I was looking for and so maybe I am one of the rare ones in which the concept clicked almost immediately in terms of the proposition of bitcoin and my desire to get a stake in it, but I surely am not claiming to be any kind of genius in terms of the strategy that I established and if there might have been some better ways of going about my investment into bitcoin in terms of where I was at at the time that I found out about it.

And, yeah, I use the term "found out about it" loosely because I hardly even knew exactly what bitcoin was except for some descriptions of it and what it was trying to achieve, and so part of my initial goal was to start to get a stake in bitcoin but to also study the matter at the same time and to figure out if maybe I needed to readjust my strategies or my ideas about what it was that I was investing into.

There are so many people who neither had the luxury of being in the mental/financial place that I was when I got into bitcoin nor are there many people who have the luxury to spend a lot of time studying a matter...

Many of us heard about the August 2020 article regarding yuppies dismissing bitcoin (a r/bitcoin link on the topic, too), and yuppies are considered to be smart people, but the article is likely correct about some mental blocks that cause difficulties for them to take action in terms of either investing into bitcoin or researching into it more.  Most of them will likely come around sooner or later, and many of them are likely smarter than a lot of us here, just smart in different ways that end up causing them to be a bit of laggards in the likely largest transfer of wealth in our lifetimes, and perhaps the largest peaceful transfer of wealth in the history of man, perhaps?  perhaps?

[Farmer Bill]

The fact you are here writing this, is due to you likely having received the following vaccines in childhood.
Diptheria
Hepatitus B
Haemophilus influenzae type b
Polio
Tetanus
Whooping cough
Meningitus B
Pneumonia
Roravirus 
Meningitis
Mumps
Measles

I was never vaccinated as a child. It wasn't until I was made to take them in my 30s to go to Iraq that I got my first vaccine.

I wouldn't really call the COVID jab a vaccine. Moderna wasn't calling it a vaccine when they developed it. They considered it gene therapy. But then they found out they can get out of liability if it's called a vaccine so...*poof*...it's a vaccine.

They just started testing this mRNA approach on humans in 2017 for flu.

While I think the mRNA therapy may be something that can help with future illnesses, I remember my mom telling me growing up "don't try any new medicine unless it's been out on the market for at least 10 years". Sound advice. Though the reality is that I can count on one hand the number of times I've ever taken any medicine.

You can all be the guinnea pigs for this new medical procedure but I'm fine focusing on a natural healthy body that can take on anything. I already had the COVID, it lasted about 2 days. The second day when I realised what it was I took Vitamin D and Zinc in the morning with 1g of Vitamin C every hour. It knocked it right out.

mRNA


As a veteran sir you have my greatest respect. I can also appreciate that having been a guinea pig once already for multiple vaccines including anthrax and botulism plus PB nerve agent pills and exposure to organophosphate pesticides, you do not want to repeat the experience.

The fact you have had Covid means you are already immune and not in need of a vaccine.

As the majority of children you grew up with, were probably vaccinated against childhood illnesses, this would have protected you who were not.

There was not 10 years available to test the new mRNA vaccine, however 100s millions have taken the risk with a new technology and been vaccinated, with few side effects other than not one single vaccinated person has died from Covid.

Where would any of us on this forum be without taking some risk with the then new  technology Bitcoin, with only one evident side effect, a huge increase in wealth. Bitcoin is no longer a risk, but the safest deposit account there is.

The (bastards) are still fighting to prevent a new ATH which would invalidate painting their false narrative of a double top (or even triple top according to proudhon) and a subsequent crash. Nope the new ATH is approaching with the short road to 70k and longer one to 89k ahead.

[OutOfMemory]

Wasn't he referring to seasonal rains?

Isn’t it Bitcoin season?

Yes, since 2009 actually 

Of course, overall bitcoin has done quite well since it went live in January 2009, yet who the hell really knew about it for some time... except for a few guys that were really in the nerdiest of nerdy circles in terms maybe having some potential technical knowledge.

And, still bitcoin did not really get any kind of attempts at tangible price discovery until around May 2010, the time of the pizzas transaction.. and maybe there have been some spreading of the news about bitcoin as the price was getting assigned to it and it was being found out about by more and more people.  I am pretty sure that I heard the word, "bitcoin" a few times before I looked into it, and maybe I just thought something superficial that it is a kind of invented money like Lindy Dollars or whatever.

I do believe that we should be attempting to consider some of the nuances of bitcoin's price movements and cycles which does seem to cause it to have seasons in which some folks could well be in a world of hurt if they are not able to figure out strategies to get through the cycles.. both financially and psychology, and surely hardly any of us were able to get into bitcoin in 2009 or even sometime soon thereafter be able to have some of the pleasures of experiencing the price appreciation of its whole life... We only know about bitcoin between 2009 and whatever time that we got in through the experiences of others - not that I am saying that you actually "have to" own bitcoin in order to benefit from its invention and they incentive systems that it has set up that will likely end up benefiting everyone, whether they own it or not... and sure the owners of bitcoin do seem to have gotten quite rewarded through the years and likely to continue to be rewarded as far as what seems to be likely in the future.

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.

I hate to quibble with a fellow bull - but seems to me that there is some level of smarts and luck in terms of finding out about bitcoin and then acting upon such knowledge.   When I found out about bitcoin in late 2013, I was so damned ready for it because it seemed to have been exactly the investment category that I was looking for and so maybe I am one of the rare ones in which the concept clicked almost immediately in terms of the proposition of bitcoin and my desire to get a stake in it, but I surely am not claiming to be any kind of genius in terms of the strategy that I established and if there might have been some better ways of going about my investment into bitcoin in terms of where I was at at the time that I found out about it.

And, yeah, I use the term "found out about it" loosely because I hardly even knew exactly what bitcoin was except for some descriptions of it and what it was trying to achieve, and so part of my initial goal was to start to get a stake in bitcoin but to also study the matter at the same time and to figure out if maybe I needed to readjust my strategies or my ideas about what it was that I was investing into.

There are so many people who neither had the luxury of being in the mental/financial place that I was when I got into bitcoin nor are there many people who have the luxury to spend a lot of time studying a matter...

Many of us heard about the August 2020 article regarding yuppies dismissing bitcoin (a r/bitcoin link on the topic, too), and yuppies are considered to be smart people, but the article is likely correct about some mental blocks that cause difficulties for them to take action in terms of either investing into bitcoin or researching into it more.  Most of them will likely come around sooner or later, and many of them are likely smarter than a lot of us here, just smart in different ways that end up causing them to be a bit of laggards in the likely largest transfer of wealth in our lifetimes, and perhaps the largest peaceful transfer of wealth in the history of man, perhaps?  perhaps?

Here's the full story:
I heard about bitcoin earlier than i considered to get some. I read about it, which was inevitable in my life as a computer nerd, pretty early. I can't name a year, but it must have been before the pizza event. Later, i heard and read something here, something there, prices, volatility... and i got paid in fiat pretty nicely, had a habit to use drugs in quite some of my free time. I didn't even think about investing at that time at all. In 2014 a friend told me how he was ordering drugs on the darknet and paying them with bitcoin. That's why i wanted to have BTC initially. Then i never bought, because i could get all the drugs i liked easily, so i had no intention to go the darknet way. I also had severe problems with fatigue, weak but low threshold immune response, and much worse memory problems, compared to today. Later, in 2017, i was planning to invest in it. I had three kids at the time, living from insurance money, so i had plenty of reasons to start shaping the financial future of my family. As i knew most of the "well known" fundamentals about BTC already, it was an easy decision. I also found out that i favored the idea of Bitcoin over the fiat system from the time i knew about it. Even if i end up poor, i would still prefer Bitcoin over fiat money.

[julian071]

I feel so strange, I paid $11k for my current car. Almost every car I buy is at least 10 years old...by buying a 10 year old car I get the same feeling up getting upgrades every time I buy my next car.

But with Tesla accepting bitcoin I want to buy a Tesla, but if it's a battery technology I know that it makes sense to buy a new car. So the Tesla I'd like to buy is over $100k. I can certainly afford it. But it's such a huge leap. The first house I bought was nice, had 3 acres of land and only cost me $85k. I just can't imagine buying a car that's more expensive than what I'd pay for a house (don't get me started on the prices of houses right now...).

Reminds me of the inflation rate throughout my career. When I started work in the late 90s the Social Security cutoff rate was just above my salary around $45k. My last job in the US the Social Security cutoff was just above my salary around $90k. Which means that throughout my whole career I really never truly got a raise. I just kept up with inflation (which is the point the Keynesians make about making workers think they're making more money).

Haha sounds VERY familiar.

Speaking of inflation, I hear so much around me about all kinds of stuff going up in price at a crazy rate. Not just real estate, electronics and stonks. Latest I heard is recreational vehicles! Gettem while they're hot!

[heslo]

I see we've broken 60k again. Let's make it stick this time

[Biodom]

I feel so strange, I paid $11k for my current car. Almost every car I buy is at least 10 years old...by buying a 10 year old car I get the same feeling up getting upgrades every time I buy my next car.

But with Tesla accepting bitcoin I want to buy a Tesla, but if it's a battery technology I know that it makes sense to buy a new car. So the Tesla I'd like to buy is over $100k. I can certainly afford it. But it's such a huge leap. The first house I bought was nice, had 3 acres of land and only cost me $85k. I just can't imagine buying a car that's more expensive than what I'd pay for a house (don't get me started on the prices of houses right now...).

Reminds me of the inflation rate throughout my career. When I started work in the late 90s the Social Security cutoff rate was just above my salary around $45k. My last job in the US the Social Security cutoff was just above my salary around $90k. Which means that throughout my whole career I really never truly got a raise. I just kept up with inflation (which is the point the Keynesians make about making workers think they're making more money).

Haha sounds VERY familiar.

Speaking of inflation, I hear so much around me about all kinds of stuff going up in price at a crazy rate. Not just real estate, electronics and stonks. Latest I heard is recreational vehicles! Gettem while they're hot!

In my line of work, starting salaries were going up very very slowly in the last 25 years.
I envisioned this in late 90ies, early 2000s when it became clear that Internet is a deflationary force (especially as far as the salary is concerned).
If not for various investments, my situation would be much worse.
Investments is US was the right thing to do in the last 20 years (or even longer).
I try to buy cars that are about 1 year old (certified). It seems to be that you get most of the value there for roughly half the price, maybe slightly more.

[BobLawblaw]

I see we've broken 60k again. Let's make it stick this time

I'm hoping my little offering to Karhu gives us the momentum to finally break through solidly to $61k (fingers crossed)

Likely going to bed with blueballs tonight, tho...

EDIT: Fully executed. Have 100% of the liquidity I need to build out Phase I entirely. The tax payment this quarter is going to be fucking obscene.