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

[Richy_T]

Cyberpunk is quite decent to good on MSI 1080 Ti gaming, but even those now go for $600plus (closer to 700) on Ebay (still, $630-690 is much less than crazy prices for 3080, which is nowhere to be seen at the regular price).

I was kinda hoping to stick with AMD for inertia reasons but they're just as scarce. I do have a better card in my VR rig but it's not really set up for K&M gaming. I may have to just go for it though.

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[Hueristic]

Nullis fodder
 

[OutOfMemory]

Buy the dip

Thanks, two years ago i had my vasectomy which cost me $600.
Now you basically told me i could have bought the 2019 Dip with $70k instead...  

EDIT: I just wanted to tell you guys, i had to sell (less than 1% of my stash) to be able to pay my new doors for the house extension, almost exactly at trend reversal.
I knew this. I just had no choice. NOT a Mindrust event.
I wish they could have delivered the doors with one or two weeks of delay  

Those must have been some MIGHTY doors  

Unfortunately not. Prices increased roughly 30% this production cycle, the doors are solid, higher quality and sound damping, for sleeping rooms of me&wife and our youngest child's room, right next to it. Hey, i'm not the youngest but i still have a sex life  

EDIT: Forgot the main point. It's not the price of the doors, it's more the size of the stash. But i'm good, i could still be a nocoiner, you know...

[xhomerx10]

Nullis fodder
 

 Good neighbours like that are hard to come by.

[bitebits]

https://twitter.com/100trillionUSD/status/1396894229113233409

[JayJuanGee]

[edited out]

Holy fuck you must be my wife, taking one thing and turning it into a fucking paragraph of shit I didn't say.

I like it, except surely your failure/refusal to disclaim with #nohomo must have been an oversight.   

By the way, you know that we are on a public thread, so whether you said it or not, good enough for govt. work. woops.

What I said again is I currently don't see crypto (all the fucking cryptos, because guess what this isn't just me or my point of view but all investors and some see altcoins as replacements of store of value) currently in a position that it limits precious metal price.

Well.. sounds a bit premature to be reaching such a conclusion.

Like I already mentioned, if various PMs are being used outside of storage of value or even financial instruments, then bitcoin (no need to talk about other cryptos in this thread because they are not important and they are not relevant) would not be in a position to replace those other kinds of values whether it be industrial use or jewlery or things like that.

That's all I'm saying, no need to try and force anything else out of it that's not there.

I am  glad that you got that off your chest.

Can we go back to being buddies, now?

Tldr; I don't think Bitcoin or any altcoins market is holding down the price of precious metals regardless of how I feel about them.

Sounds like a premature assessment to me.

I would suggest if whatever PMs are not being used as a store of value or financial instrument, then bitcoin would not have too much affect on their prices, but we know that various PMs are being used as financial instruments and stores of value.. so sounds to me that you are wrong if you believe that bitcoin superiority in that regard is NOT going to have any effect on PMs being used in similar ways but inferiorities... .. believe what you will in that regard.. time will continue to tell.. just as it already has told part of the story, but you seem to be wanting to see what you want, apart from the seeming relevant facts.

31100 -> 37500 (+6400) in 24 hours, not bad.

Another leg down is setting up right now. The bitcoin price won't be able to sustain itself above $35k for 10 consecutive days.

Great challenge proudhon...

I like your transition into something a bit more funzies... better than your usual repetitive and boring Debbie DOWNsies proclamations.

Ready, set, go.

.5 days down, 9.5 days to go.


Philip 1957 loves this kind of counting.

[Biodom]

BTW, alts did not get the memo and up too much today.
Barring that bitcoin will fly up like a rocket shortly (some, like "popular" bitboy, are expecting just that), crazy alt price action indicates to me that more smashing alts down is needed, but PTB can do this only when btc is declining (historically speaking).

I expect alt 'rocket" to stop, then reverse abruptly with bitcoin basing. Otherwise, this would be the craziest sharpest, but shortest bear we ever seen.
2013 midterm bear lasted for months after the first smashdown, but we just don't have time for this (4 month long basing) IF we are in a regular 4-year cycle.
However, if the cycle would be somewhat extended until the very end of 2021, early 2022, then such prolonged basing is still possible.

[bitcoinPsycho]

[Hhampuz]

[ChartBuddy]

Explanation

[JayJuanGee]

I came back after being in another business for a long time and was very surprised that the 0.2 btc I safe in my wallet had turned into thousand of dollar in just a few years. Even the 33 gram of gold I bought could not bring me an advantage in this amount compared to bitcoin. I have sold all of my bitcoin at the time they were $55K, which is awesome.

Ok.  So you got about $11,000 from your 0.2BTC.  Presumably most of that was profits, and there may not have been any kind of desperation in regards to that $11k, since you forgot about it for a few years.. yet you did not provide enough details for us here, to understand a lot of your specifics besides your gloating over something approaching a $11k profit... or a windfall.

You know I had a pretty close acquaintance gloat over selling around 0.5 bitcoin around $3,800-ish ($1,900) in 2017, and that bitcoin had been acquired below $700 ($350)  in 2016 (so a profit of around 5x or $1,550).  That person has been expressing quite a few regrets over the years.. not only in terms of how he dealt with that particular transaction, but how that transaction had affected his whole perspective on bitcoin and how he might have been better incorporate bitcoin as an overall better strategy into his whole wealth management system (that he does rely quite a bit on "professional" advice for concluding regarding certain balances that he decides to reach).

At this time, with the BTC price hovering around $38k, you might feel like a genius because you currently are UP in your sale, yet you could buy back at this lower price.  

Alternatively, you could wait for a further dip and buy back (that is if a further dip happens), or you could buy back part of the BTC that you had sold at current prices or some variation of current prices or you could just remain a nocoiner from here on out and gloat during this window period in which you are appearing to be in profits relative to fiat.

You are the best person to judge your own circumstances, and guys in this thread are going to really vary too in terms of how they would approach such a matter about which you are currently gloating if they were faced with the same facts, and I would suspect a minority of the regulars would feel comfortable keeping that value completely in dollars given recent BTC price actions, but there are likely a few of us who would be o.k. with that.. not this cat.. but hey.. just saying.. ..

Actually, some active guys in this thread can be seen professing that BTC prices are going lower than the current $30k bottom.. and perhaps at some point they will be changing their tunes, too.. because some guys like to talk their book too, even though they act like they are not talking their book.

Also, sometimes it can be difficult to know if some guys are putting their money where there mouth is or if they are just making proclamations in a public thread in order to entice others into actions that they are not taking themselves.. not sure how effective that would be, but some guys surely seem to engage in that kind of behaviors.  

Surely, not even I expect each of us to exactly be describing his position before some aspects of it executes.  Even in my case, I generally have a kind of systematic practice that I tend to follow and I am pretty open about it, but I do not tend to give the exact numbers very often, but sometimes even something approaching exact numbers or percentages might be relevant to certain kinds of discussions.  

Nonetheless, in recent months, I have created some variations in my systematic practices because I am attempting to achieve some kinds of real world targets, and I am disinclined to share too many of the particulars until I am mostly finished with the executions to achieve the goals that I am attempting to achieve.  If whatever I did is seeming kind of relevant, I will probably share aspects of what I did once I get closer to achieving my goals, and I am not even so naive as to presume that I might not have to adjust aspects of my tactic along the way too, especially in the event that my targets are not met in within my real world timeline expectations.  I have had to do this a few times in the past, and there can both be uncomfortable periods, but also some unwillingness (at least from yours truly) to share details until the whole situation has kind of sorted itself out and reached a kind of resolution, at least from my perspective.

[Dakustaking76]

There we go


Its all fine

Its beautiful everywhere 

[Phil_S]

31100 -> 37500 (+6400) in 24 hours, not bad.

Another leg down is setting up right now. The bitcoin price won't be able to sustain itself above $35k for 10 consecutive days.

Or maybe we're going to 40000...  soon... and maybe we're going to stay there for a while...

[birr]

The correction is overdone. BTC is entering in Bullish zone now as reflected on Technical charts. We will see huge rally  in coming weeks.




https://mobile.twitter.com/TheMoonCarl/status/1396565333306134528

One of those charts spans a ratio of about 5x and the other one spans like 60x.   It's a bullshit comparison.

[LFC_Bitcoin]

Another leg down is setting up right now. The bitcoin price won't be able to sustain itself above $35k for 10 consecutive days.

Every damn time, best reverse indicator ever. You should charge for this shit, bruh.

Observing $39,556.

[ChartBuddy]

Explanation

[Dakustaking76]

Another leg down is setting up right now. The bitcoin price won't be able to sustain itself above $35k for 10 consecutive days.

Every damn time, best reverse indicator ever. You should charge for this shit, bruh.

Observing $39,556.

Let this man dissapear they don’t give this man a chance to speak about bitcoin
He ruines all

[JayJuanGee]

Buy the dip

Thanks, two years ago i had my vasectomy which cost me $600.
Now you basically told me i could have bought the 2019 Dip with $70k instead...  

EDIT: I just wanted to tell you guys, i had to sell (less than 1% of my stash) to be able to pay my new doors for the house extension, almost exactly at trend reversal.
I knew this. I just had no choice. NOT a Mindrust event.
I wish they could have delivered the doors with one or two weeks of delay  

Those must have been some MIGHTY doors  

Unfortunately not. Prices increased roughly 30% this production cycle, the doors are solid, higher quality and sound damping, for sleeping rooms of me&wife and our youngest child's room, right next to it. Hey, i'm not the youngest but i still have a sex life  

EDIT: Forgot the main point. It's not the price of the doors, it's more the size of the stash. But i'm good, i could still be a nocoiner, you know...

It's exactly true that any of us could have gone down the road of selling too many of our coins at strange times and then end up locking our lil selfies into a position that thereafter causes us to become bitter and even lacking in abilities to suck up certain losses or even to buy back in later at BTC prices that are higher than our sales price.

Surely, I am not suggesting that there is ONLY one way to fuck up your level of bitcoin holdings, but we do tend to see some patterns that include both the kinds of people who never get involved in setting up a bitcoin account or a wallet and the kinds of people who once got involved but end up betting too high on down at the wrong time and then become bitter or disgruntled.

I can empathize a bit more with the person who never set up accounts because I meet a whole hell of a lot of them, and I do understand that sometimes it can be a whole hell of a lot of work to just get started.. even if it is a mere $100 per month (or even lower)...but once getting in a groove.. even the most modest of incomes, cashflow and savings can end up really complementing overall investment by having had gotten started..

Perhaps another problem is that there are so many people who fail/refuse to establish and to maintain any kind of investment, so as soon as they start to develop an investment and then it increases in value, they just cannot resist tapping into it.  "I'll just remove a bit for x, y or z," so it seems to be so true that so many peeps have such difficulties just creating a kind of separate account that they keep separate and never tap into.  Part of the solution could be to ONLY put $10 per month in, rather than putting in $100, so there is not enough of a cash reserve on hand to deal with a variety of expenses as they come in.

The problem that I am describing is likely the very first 5 years or so of any investment to get it in place and to keep it growing.  Once the investment has reached a certain higher level of maturity and profitability, then it may well not be as BIG of a deal to be tapping into it from time to time.. especially if no longer in a kind of phase that is emphasizing accumulation.

So, a question that each of us needs to ask remains how much to be tapping into such bitcoin fund once we established it, and question ourselves in regards to are we in an accumulation phase, maintenance phase or a liquidation phase.  Surely, those phases are not completely absolute and a 1% to 5% withdrawal for BIG projects should not make big differences in the whole scheme of things, either but there may be a bit of emphasis of one or another of the phases that should inform the extent to which contributions are continuing to be made into BTC or whether liquidations can (should) be liberally taking place too. 

[Toxic2040]

the one o'clock chart report

#dyor

1h



4h

#stronghands

[UnDerDoG81]

Damn, that pump(s). I just hope its not Elon related. Otherwise we are doomed if the market still follows that jerk.