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

[Biodom]

It is because you are all entertainment, and I like facts/science and interesting thinkers.

Through our many interactions over the years, i have also discovered that you mostly are not putting your book on such dumb nonsense that you spout out on a regular basis - except it does seem to me that you frequently underinvest in bitcoin and then you whine when the BTC price goes up more than you anticipated that it would.  

Hopefully you were able to pick up some coin on this latest dip and you are not failing and refusing to pee pare ur lil selfie enough for UPpity regarding where we are at currently because you are so involved in hopium for a dippening that might not happen.

Nope, wrong again. Most of my investment was done years ago, now stacking via mining, mostly ("buying" at a fraction of the market price, mind you). I find selling the rips and buying the dips not worthy of constant attention. I am investing for the long haul (for all of my extended family and their descendants). I get enough "cash flow" as you call it to not bother with sells (I will sell if a good lake will become available as i like water, lol). BTW, I find it somewhat creepy that you try to entice people to reveal their holdings (on multiple occasions with separate folks).

Are you into burlesque or something like that?

sure.. I like burlesque..

a character guess #nohomo

[JayJuanGee]

~snip~

I doubt that anyone has a problem for cashing out a portion of your stash - even if you end up being wrong... but cashing out everything seems a bit short-sighted even if you have around 5x profits at the cashed-out price.

Time will tell how it works out for you, and you know that it is possible that we get up and down price movement, that does not come back down to $50k.. time will tell about that, too.

By the way, what do believe that the guys who had bought into BTC at $50k should do? keep buying?  Surely not sell, right?

So far, they're all holding it tight. Most even placed laser eyes (which honestly just makes me more confident in the "top is in" ).

I doubt that you can completely go by that theory of overhype to have confidence that the top is in, but you surely can do what you feel comfortable with.

Surely your earlier mentioning of "Uniswap's USDC/DAI" does not seem to be either on-topic here nor a better place to rest your value.. including resting your value in the dollar (and sure that USDC/DAI is likely pegged to the dollar and maybe you are earning interest on it from where ever you are storing it?  in dollar equivalents. if you don't lose it from the third party, right?).. but or whatever currency you cashed out your $50k BTC for.

LMAO, doesn't look like a decent way to talk to a pal after a year or so.

I am trying to talk substantively with you, and surely some of those pegged tokens are bringing in extra risk, but I will concede that they are somewhat relevant to this thread because we are talking BTC/USD pair here.. and I understand that some exchanges might not even be offering USD as part of their trading pairs.. so some form of pegged coin might be the closest that you are able to reasonably get... so I am not trying to be overly harsh about your keeping the value in some kind of stable coin product because the main point that you made was that you were getting completely out of BTC.. so sure, I was probably a bit wordy in my response... what else is new?

Of course, it's NOT the "major" place where I've diversified my portfolio. However, it consists of all the funds that I may use within the crypto space in the future in the scenario of a flash crash. A USDC/DAI pool earns bucks for me whenever someone swaps DAI for USDC or USDC for DAI on Uniswap. P.S. it currently costs about $500 to get your funds out of it or to get your funds in it.

Ok... I may have even invited you in terms of going into that, so I am not going to poo-poo you about those aspects of what you are doing regarding those USD pegged coins because I do believe that your main points do happen to be that you believe that BTC had already topped out, at least in the short term.. maybe even a year or more.. but surely even you are not necessarily going that far in terms of just wanting to watch the 200-week moving average in terms of a bottom that you expect to be reached at some point while you might still be profitable to get back into your BTC long, perhaps?

By the way, I did already attempt to express my current concerns about theories that suggest that we already topped out, in my response to Richy_T from about an hour ago.. so I do feel like I am starting to repeat myself, too.

[ChartBuddy]

Explanation

[lightfoot]

Upsie Daisey

[Biodom]

I think I should let y'all know my current position in BTC: 0.

I got completely out at ~$50k and will load back whenever the 200 Week Moving Average trend line is touched (currently at ~$12.5k but going up rapidly). This could take a year or more; I'm fine with it.

I'm currently sitting at ~5x my 2018 ATH, so I'm not really worrying about the price going up or down at this moment. Just chillin' out & providing liquidity to Uniswap's USDC/DAI pair.

...and yes, I think we've entered the bearish territory.

Non-financially though, I'm *still* in a lot of trouble.

Wow, buddy... This one has a real chance of launching you into being the next Mindrust.

Well, he already sold and is not asking for opinions.
Mindrust asked, was told not to do anything abruptly, did not listen, then started posting about why he was right.
One point, though, I have a feeling that one of the newcomers might be mindrust reincarnated (with some btc position or at least WAS before we went from 65K to 30K).
Act 2, maybe.

[JayJuanGee]

It is because you are all entertainment, and I like facts/science and interesting thinkers.

Through our many interactions over the years, i have also discovered that you mostly are not putting your book on such dumb nonsense that you spout out on a regular basis - except it does seem to me that you frequently underinvest in bitcoin and then you whine when the BTC price goes up more than you anticipated that it would.  

Hopefully you were able to pick up some coin on this latest dip and you are not failing and refusing to pee pare ur lil selfie enough for UPpity regarding where we are at currently because you are so involved in hopium for a dippening that might not happen.

Nope, wrong again. Most of my investment was done years ago, now stacking via mining, mostly ("buying" at a fraction of the market price, mind you). I find selling the rips and buying the dips not worthy of constant attention. I am investing for the long haul (for all of my extended family and their descendants). I get enough "cash flow" as you call it to not bother with sells (I will sell if a good lake will become available as i like water, lol).

Of course, our actual specific circumstances, even including our timeline as a potentially decent and distinguishing factor between you and me make a decent difference in regards to whether on a personal level we are considering matters further out.. or we might even feel that we had largely transitioned out of BTC accumulation in the past.. or  even having had come into BTC with an already decent stash of front-loading money... So there can end up being quite a few individual circumstances that could end up affecting folks differently even if they may well have gotten started in BTC at around the same time... which seem to be part of the difference in perspective between me and you.  

BTW, I find it somewhat creepy that you try to entice people to reveal their holdings (on multiple occasions with separate folks).

Yes.. of course, your repeatedly reading creepy or stalking or OPsec violations or blah blah blah into my interaction tactics seems to be some thing that you are wanting to see rather than something that is actually happening in reality.  But I am not going to put anything past you in terms of your sometimes selectively making shit up in order to fit some of your nonsense narrative that sometimes can be a bit difficult to figure out, too... is it a conservative bull or a bullish bear... hhahahahaha.. whatevers.  

Are you into burlesque or something like that?

sure.. I like burlesque..

a character guess #nohomo

You seem to be wanting to read a lot into the burlesque theme, too.. which is also kind of going above my head, at least at this time, which is not the first time.

[ChartBuddy]

Explanation

[serveria.com]

I think I should let y'all know my current position in BTC: 0.

I got completely out at ~$50k and will load back whenever the 200 Week Moving Average trend line is touched (currently at ~$12.5k but going up rapidly). This could take a year or more; I'm fine with it.

I'm currently sitting at ~5x my 2018 ATH, so I'm not really worrying about the price going up or down at this moment. Just chillin' out & providing liquidity to Uniswap's USDC/DAI pair.

...and yes, I think we've entered the bearish territory.

Non-financially though, I'm *still* in a lot of trouble.

I've got bad news for you: you are going to rebuy higher or never at all. x5 are noobish gains man you know that yourself. Congrats on becoming a nocoiner and mindrust v2.0 

[ChartBuddy]

Explanation

[thewaterloggers]

4h

I don't like smaller bearish time-frames in macro-uptrends, it feels counter-productive and off-putting for generic dip buying and leads to wanting "the best price" and "the bottom". Others will be placing bids around $30K hoping to buy what they missed and were too scared to acquire, the same old story recycling itself. However, I wouldn't be surprised to see a re-test of $36,500 (the green box), where price found strong support. This comes after rejection from the lowest MA, given these moving averages are in bearish formation:



March déjà vu still very much present. If the same occurs again, we will re-test this support and confirm it in order to move higher. A temporary rejection from the macro 0.618 fib level is of little relevance to this time-frame, so worth ignorng. Instead I'd argue it's the signal to buy once broken above for those wanting to play a safer hand. We've had the shake-out on the Weekly time-frame, the ripple effect of a shake-out on the 4hr to confirm support would be completely normal. Institutions will also be buying "The Tesla Price" I believe.

BTFD

(If LFC is extremely emotional right now, it's buying time and would correlate with the extreme fear in the market)

[ChartBuddy]

Explanation

[luckygenough56]

I think I should let y'all know my current position in BTC: 0.

I got completely out at ~$50k and will load back whenever the 200 Week Moving Average trend line is touched (currently at ~$12.5k but going up rapidly). This could take a year or more; I'm fine with it.

I'm currently sitting at ~5x my 2018 ATH, so I'm not really worrying about the price going up or down at this moment. Just chillin' out & providing liquidity to Uniswap's USDC/DAI pair.

...and yes, I think we've entered the bearish territory.

Non-financially though, I'm *still* in a lot of trouble.

I've got bad news for you: you are going to rebuy higher or never at all. x5 are noobish gains man you know that yourself. Congrats on becoming a nocoiner and mindrust v2.0 

lol you'll be lucky if this bull trap goes back to even 50k, most likely they are opening tons of shorts to retest the low. And who cares about bitcoin it's an antiquity losing its marketcap to the next big things it will go extinct like the dinosaurs. I have another news for you Bitcoin is now too expensive for 95% of people to even buy one so they turn to cheaper alternatives. Riches can play who has the biggest but new blood to dump on will be lacking unless they are some dumb healthy investors. Also the volume is ridiculous and price artificial they can dump the price 50% with a tiny fraction of the coin supply it's ridiculous. Cheers.

[shahzadafzal]

Chit-chat with a friend who has been -80% to -90% down in shitcoins since 2018... and he has barely recovered his investment recently.

Summary what he said “Bitcoin will be 200k by end of this year and this is the time to invest in crypto and I will invest more in ... BNB it have a huge support, ETH will be moon. SHIBA is the best can easily go 10x. DOT is undervalued... VET will be $1 .... blah blah blah...”

I was wondering why people never learn???

[ChartBuddy]

Explanation

[shahzadafzal]

Chartbuddy Yes

If this post has more merits than the Chartbuddy No post by 5PM Central today, I'll turn Chartbuddy on for 72 hours.

I'll have Chartbuddy merit everyone back on both posts (up to 200 merits total)

wow, a bot that runs on merits

 Meh.  We already had one in JJG.

“Automated”

[JimboToronto]

... hourly and more frequently during high percentage price moves please  

Norwegian?

... ok danish curmudgeon then

Iceberg, Goldberg. What's the difference?

[luckygenough56]

i think the market is stagnant because army of the dead just released on netflix 

[ChartBuddy]

Explanation

[luckygenough56]

Chit-chat with a friend who has been -80% to -90% down in shitcoins since 2018... and he has barely recovered his investment recently.

Summary what he said “Bitcoin will be 200k by end of this year and this is the time to invest in crypto and I will invest more in ... BNB it have a huge support, ETH will be moon. SHIBA is the best can easily go 10x. DOT is undervalued... VET will be $1 .... blah blah blah...”

I was wondering why people never learn???

they always buy at the top that's how fomo works. Shitcoins are the easiest to trade they just follow ethreum like sheeps, once one go up or down 20% you start to short or long with incremential positions u can never lose, especially knowing it's generally a few hours pump before it dumps, daily pump and dump. But you need to avoid some shitcoins that acts without any logic so you need to obeserve theur behaviours a few weeks before acting. I only trade shortable coins, margin is more power to you. And as for Shiba it's just a dumb trend that will fade away like colours coins, country coins and anon coins when there was 10 new ones each days until people got bored and rekt. Shiba has 400 000 milliards coins supply and has only dived since it's on binance it's a joke. If you got it at 5 satoshis nice but now people just don't want to buy that shitcoin, ain't got no elon

[Karartma1]

My greatest buy today since a while, I know I shouldn't say this but I'm so proud of myself. I was able to reduce a bit of spending in the last two months and my monthly buy was the biggest and the largest (in btc terms of course ).