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

[ChartBuddy]

Explanation

[Hueristic]

Basically if I finish my buys at the current price I think I would be happy. But of course if the price crashes again 30% then I might not feel that way. I have already some buy orders for up to a 15% drop from here.

If we crash another 30% I'm selling the house and living in the Winny!

[El duderino_]

https://twitter.com/adam3us/status/1396021659065327616?s=20

 

[hisslyness]

Basically if I finish my buys at the current price I think I would be happy. But of course if the price crashes again 30% then I might not feel that way. I have already some buy orders for up to a 15% drop from here.

If we crash another 30% I'm selling the house and living in the Winny!

Can I move in as well?

[hisslyness]

https://twitter.com/adam3us/status/1396021659065327616?s=20

 

China banning mining... Really having an impact on new blocks... -2.06% next diff adjustment... WOW!!

Hopefully by next month I can restart CPU mining again... and add more Bitcoin...

[El duderino_]

Basically if I finish my buys at the current price I think I would be happy. But of course if the price crashes again 30% then I might not feel that way. I have already some buy orders for up to a 15% drop from here.

If we crash another 30% I'm selling the house and living in the Winny!

But what if.... crashes-> put house for sale... house sold-> money to bankaccount, from there to exchange-> meanwhile back up double the crash ??

[Hueristic]

Bitcoin following this Pattern  

ELI5:
https://www.youtube.com/watch?v=Lhf_2gJJS1I


As usual hodling unaffected.

[OutOfMemory]

holdsleep be like :

Nope. This is daytradersleep.
Well, could also be shitcoinersleep 

[NotATether]

This sell off is really making me want to punch someone in the face for screwing with my holdings  

COME ON GET SOME F'IN AD TRAFFIC TO MY SITE EH? 

Don't mind me I'm in a foul mood today

This kind of emotional behavior isn’t the bitcoin way bro

1btc stil 1btc

HODLings unaffected imo

Yeah that's true, it's only an issue if your USD bills come at the wrong time like right now

[Hueristic]

Basically if I finish my buys at the current price I think I would be happy. But of course if the price crashes again 30% then I might not feel that way. I have already some buy orders for up to a 15% drop from here.

If we crash another 30% I'm selling the house and living in the Winny!

But what if.... crashes-> put house for sale... house sold-> money to bankaccount, from there to exchange-> meanwhile back up double the crash ??

That is the fear!

Or the fucking exchange freezes the funds and you watch the recovery from the sidelines.

But its a risk I'm willing to take!

I've been thinking about moving so this would give me a good kick in the ass anyway.

[xhomerx10]

TLDR; We already had enough decline compared with 2013, but could go to about 25K in the oversold scenario. Anything lower would be a problem.

 Why do we quote the guy who defrauded investors to the tune of 200 million dollars for our hodl meme.  Surely someone else has a quote about persistence for a more noble purpose.


 How about:

 While there's life, there is hope.
-Stephen Hawking

 or you know... maybe something a little more upbeat but from a reputable person.

[Wilhelm]

holdsleep be like :

Nope. This is daytradersleep.
Well, could also be shitcoinersleep 

Shitcoiner sleep is best done 6ft under

[lightfoot]

The good thing about the latest crash: The n00bs that thought there is a faster way to get richer with shitcoins now learned the lesson the hard way: Bitcoin will recover soon, while shitcoins will tank further. May be after 3-5 years some shitcoin will recover, but 99% chances are that your shitcoin won't. This is the newest harvest of shitbagholders. The same applies for the BTC/fiat trend followers. Let me tell your problem, morons. You value fiat way too much, so you prefer to sell screaming like little girls just to "save" 5% of your fiat. And then you are going to lose even that by trading shitcoins. The true BTC hodlers value BTC way more than fiat, so they will never sell everything. This is the biggest mistake one can do. The right question is what exactly you will achieve by selling the last 10% of your stash? If you plan to buy back lower will it matter so much? This is insanity! Some cunt here (I forgot his nick) boasted he sold everything at 50K. That means he bited his nails for 4 months while the price was at 60K+. Now he is gloating that the price is lower, but he is not buying back because he believes the price will fall to a certain number. This number will get lower and lower with the time in his greedy mind, until the price shoots up beyond 50K and that guy remains with the rusty pipe. And while we will celebrate 100K, 500K, 1mil, etc., he will slowly turn into the next mindurst, r0ach and proudhon. Nobody can bear such pain in the soul and remain sane.

You. I like you.

This deserves 5 merits but I unfortunately have none

I put 5 merits on it for ya. It is a pretty good post and a reminder that when you sell and say "I'll buy back lower" you don't, then you miss the train.

Toot toot! Train is just taking on a load of coal.

[ChartBuddy]

Explanation

[Wekkel]

https://twitter.com/michael_saylor/status/1396085521630253062

Crypto wasn't created to make you rich — it was created to make you free.

[bitebits]

"Bitcoin is not only a 24/7 monetary network, here's a visualisation of how its market trades every second of the day compared to legacy markets."


https://twitter.com/woonomic/status/1396047422363639808

[Biodom]

The good thing about the latest crash: The n00bs that thought there is a faster way to get richer with shitcoins now learned the lesson the hard way: Bitcoin will recover soon, while shitcoins will tank further. May be after 3-5 years some shitcoin will recover, but 99% chances are that your shitcoin won't. This is the newest harvest of shitbagholders. The same applies for the BTC/fiat trend followers. Let me tell your problem, morons. You value fiat way too much, so you prefer to sell screaming like little girls just to "save" 5% of your fiat. And then you are going to lose even that by trading shitcoins. The true BTC hodlers value BTC way more than fiat, so they will never sell everything. This is the biggest mistake one can do. The right question is what exactly you will achieve by selling the last 10% of your stash? If you plan to buy back lower will it matter so much? This is insanity! Some cunt here (I forgot his nick) boasted he sold everything at 50K. That means he bited his nails for 4 months while the price was at 60K+. Now he is gloating that the price is lower, but he is not buying back because he believes the price will fall to a certain number. This number will get lower and lower with the time in his greedy mind, until the price shoots up beyond 50K and that guy remains with the rusty pipe. And while we will celebrate 100K, 500K, 1mil, etc., he will slowly turn into the next mindurst, r0ach and proudhon. Nobody can bear such pain in the soul and remain sane.

While true in general, a small clarification is in order: this thesis will hold better if we transition to a cyclical bear market (not just the dip). As it stands now, I am favoring bull resumption. In such case some alts can still outperform (until the next bear).

With my position being vastly outweight in btc (a bit less than 90%, but much much more than 45% current bitcoin weighting), I can handle both btc outperformance and undeperformance. My philosophy was always to never sell bitcoin for alts (never sell btc effectively in the last 4 years and ongoing), but buy/sell alts as I please (for fiat or for each other). If alts zero out, so be it, but in alts I routinely take heavy profits (at least to the amount of fiat invested), so it should work out.

TLDR; btc and alts require different investment tactics. one-never sell (hopefully), another-a trading vehicle(s)-no hard feelings re a small buy or sell.

[JayJuanGee]

https://twitter.com/michael_saylor/status/1396085521630253062

Crypto Bitcoin wasn't created to make you rich — it was created to make you free.

FTFY....

Anywhooo, getting rich from bitcoin just happens to be a side-bonus..

.. I would say that the richie part may have been a kind of "problem," if we could label it as that, for quite a few of us.  Like I had posted, several times, I was really ONLY expecting around an average of 6% per year appreciation from my bitcoin in the longer term, and surely anything above that 6% per year has been a kind of icing on the cake.

By the way, I plugged a starting price and date of December 2013 of $600, percentages of 33% every 6 months and price projections every six months into an Excel spreadsheet, and I am NOT going to buy some of the pie in the sky 100% or 200% per year BTC price appreciation assertions and I would say that the 33% every 6 months brings a more or less accurate projection of $43,244 on June 1.  

Yes, the price projection does not need to be exactly on the dot, but I am going to assert that more or less historically (since late 2013) I have been receiving an average BTC price appreciation of about 33% every 6 months, which is a wee bit more than 10x price appreciation of the 6% per year price appreciation that I was considering to be a more or less reasonable return

Surely, I am NOT going to complain about the problems of having quite a bit more extra money and more return from an investment than expected..   And, surely some of that extra money does seem to be coming in handy when going shopping, going out to eat, traveling, doing a bit of construction, and maybe some other seemingly regular and normal expenses in order to NOT give too many shits about prices that have gone up a lot but have not gone up as much as the value of whatever BTC holdings I have happened to hang onto through the years... .21BTC or whatever it happens to be.

I recall just a bit over a year ago, in my area T-bone steaks tended to be around $7 or $8 per pound, and sometimes they would be on sale for $5 or $6 per pound.  Yesterday, I went to buy a couple of T-bone steaks, and they were $16 per pound, so perhaps they might go on sale in the future, yet I hardly gave too many shits about the price on a personal financial level because I was in the mood for the T-bone steaks yesterday, even though I can understand how those steaks have just become even more unaffordable for some peeps.. even the ones who have received decently large stimulus or unemployment checks from our uncle.

[ChartBuddy]

Explanation

[Wekkel]

With the weekend in full swing, some reading material on stable coins and where it’s going: https://www.cato.org/cato-journal/spring/summer-2021/ten-stablecoin-predictions-their-monetary-policy-implications#important-tool-regulatory-transparency

It’s not about Bitcoin but stable coins live in cryptocurrency environments. Increased use and thus adaption also legitimises cryptocurrency and builds crucial infrastructure.