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Question: When will BTC get back above $70K:
7/14 - 0 (0%)
7/21 - 1 (0.8%)
7/28 - 11 (9.1%)
8/4 - 16 (13.2%)
8/11 - 7 (5.8%)
8/18 - 6 (5%)
8/25 - 8 (6.6%)
After August - 72 (59.5%)
Total Voters: 121

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 26486072 times)
This is a self-moderated topic. If you do not want to be moderated by the person who started this topic, create a new topic. (174 posts by 3 users with 9 merit deleted.)
bitebits
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May 22, 2021, 05:31:08 PM
Merited by cAPSLOCK (1)

"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
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May 22, 2021, 05:39:09 PM

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.
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May 22, 2021, 05:56:11 PM
Last edit: May 22, 2021, 06:26:59 PM by JayJuanGee
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Quote
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
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May 22, 2021, 06:01:34 PM


Explanation
Wekkel
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yes


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May 22, 2021, 06:21:40 PM

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.
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May 22, 2021, 06:22:01 PM
Merited by vapourminer (1), JayJuanGee (1)

JJG at least i don't have to suffer the trauma of multi-years bear markets  Wink

And it depends at how high you aim, i don't need that much to live.

And it's easy to talk for people who bought at let's say 600 dollars or even less than new blood coming in at 30k, the pain is not the same Wink And it makes u arrogant towards the weak hands who bought high and panic sell  Wink

Last pump buy at 20k it will go 100k !!!! wow even the cleaning lady is buyin' we go go mainstream ! then crack 3k imagine the years of depression for some who listenened to the fanatics of this thread.  The cult i should say.

Cheers

You are indeed lucky enough.
To still be in the game, day trading after 5 or 6 years, pulling out a regular $500 day takes both skill and luck.
Most, 99% people fold after losing all their stake in this time frame, placing you in the top 1%.
So the less skilled folk do best by simply buying and Hodling.
Warren Buffet recommends buy good solid stock in a company that produces something and hold (for decades!).
Time in the market rather than timing the market.
I only know of one person who is an employed stock trader. They tell me at least two out of every three trades makes a loss, and these guys have a huge team of professional people behind them doing analysis to identify under-priced stock, latest news feeds, Bloomberg terminal etc.
So on your own I don't see how you can 'always be winning' as you put it, but can believe your APPT is positive.


Great that you are free from the obligation of standard work.
But spending all your time in front of a monitor watching the the market is not good for your health either mentally or physically.
Work that you enjoy doing is not work at all, I enjoy my work growing produce to feed you lot.
Running your own business, being self reliant, dealing with day to day problems and people, where the buck stops with you, is just great.
I would be bored to death otherwise, in the quieter months is vacation time.
For the sake of your health try to do both, trading plus set up a business that uses a skill you have.
You will likely make a lot more than $500 day when its up and running.

To the people who bought in at $600 or less, they too would have had their moments of gut churning on those flash crashes.
And those same people now where their investment runs to paper $millions must also still get a little depressed when their investment measured in $ drops 50%.

As to the cleaning lady and "crack 3k for years imagine the depression, who listened to the fanatics on this thread or cult" as you say, she would also know from listening to "the cult" that at 3k its time to buy that fucking dip every week with any spare cash you have and HODL.
Long term BTC is the best deposit account you can ever have.


OutOfMemory
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May 22, 2021, 06:33:33 PM

Quote from: El duderino_ link=topic=178336.msg57064393#msg57064393 date=1621667593
Wauw, you got it all figured out....  [i
n00b[/i], very maybe you will understand one day

it would be sad if i didn't after 6 years of trading (with huge breaks tho), some alts like xrp cardano and the likes are very bouncy and easy to trade when the frenzy is on. And it's fun. Whatever. Sorry if i sounded arrogant.

i'm aware holdlers make much more money in the long run, it's just not my thing Smiley

Shitcoins, Hodl-averse mindset...
I doubt this is the right thread for you. What do you really want? Troll us?
A very weak attempt, i'd say, followed by the mandatory add to my ignore list  Grin
OutOfMemory
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May 22, 2021, 06:36:01 PM



A problem for many though I scammed them, my first shift starts back on Monday

Translation: MCD is stacking Sats and doesn't want to support their competitors?
Farmer Bill
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May 22, 2021, 06:50:21 PM

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.

Excellent post.
The guy was Raja, who hails from Pakistan, whose official inflation rate is currently 11% and rising.
Good luck to him being all in with the Pakistani Rupee.
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Note the unconventional cAPITALIZATION!


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May 22, 2021, 06:55:27 PM

This would be a laugh if it actually happened



Such a limb to go out on. Wink

Quote me!  It either will, or will not happen!  And I predict the chances are dead even.
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May 22, 2021, 06:59:14 PM


It is... and the more I think about it, the more I think it's genius too. Wink

https://www.facebook.com/uwajimaya/photos/pcb.10161006715713812/10161006715468812/
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May 22, 2021, 06:59:42 PM

More weekend reading. I know some of you aren’t fans of Daniel Jeffries (anymore), but it’s always nice to think about the possibilities: https://www.coindesk.com/its-2031-this-is-the-world-that-crypto-created?amp=1&__twitter_impression=true

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May 22, 2021, 07:01:25 PM


Explanation
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May 22, 2021, 08:01:26 PM


Explanation
El duderino_
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May 22, 2021, 08:35:04 PM


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

Though as first believers, understanders, pioneers, news bringers, buyers, rebels against current monetary system  etc etc
We deserve the freedom as an increase in our current wealth ... So its becoming a get rich or get richer thing as well...
philipma1957
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May 22, 2021, 08:36:29 PM

Here is an example of an attack on mining coins. This is interesting as I wonder how many attacks like this are happening.  Tens, hundreds ,thousands, millions

I saw the Mc Donalds tweet. which would be an attack true or false it is still an attack.

This was asked about a 14tb western digital external hdd

https://www.bestbuy.com/site/wd-easystore-14tb-external-usb-3-0-hard-drive-black/6425303.p?skuId=6425303

ChartBuddy
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May 22, 2021, 09:01:33 PM


Explanation
OutOfMemory
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May 22, 2021, 09:16:26 PM


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

Though as first believers, understanders, pioneers, news bringers, buyers, rebels against current monetary system  etc etc
We deserve the freedom as an increase in our current wealth ... So its becoming a get rich or get richer thing as well...

The thing is this, though: Everybody should have as much freedom as he/she can handle.
It's individual and individually volatile. For example, think about a teenager, how much freedom he'd want, and how much of it he could actually handle...


EDIT: #hodlsleep and battery drain sleep. good nite!
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May 22, 2021, 09:17:36 PM

Here is an example of an attack on mining coins. This is interesting as I wonder how many attacks like this are happening.  Tens, hundreds ,thousands, millions

I saw the Mc Donalds tweet. which would be an attack true or false it is still an attack.

This was asked about a 14tb western digital external hdd

https://www.bestbuy.com/site/wd-easystore-14tb-external-usb-3-0-hard-drive-black/6425303.p?skuId=6425303



The hard drive question could be due to Chia coin mining
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May 22, 2021, 09:39:18 PM

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