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

[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.

[philipma1957]

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

Actually he may simply be looking to sell his battery wall with a few panels to run your mining gear cleanly.

He may have scared away the morons and soft hands.  Lets see if he offers a 'clean' power pack for a home miner.

Or fuck em as honey badger does not care.

[Farmer Bill]

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.

Elon has finished his current buying session then.
A little tweet and the following pump puts him immediately in profit.

[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

Actually he may simply be looking to sell his battery wall with a few panels to run your mining gear cleanly.

He may have scared away the morons and soft hands.  Lets see if he offers a 'clean' power pack for a home miner.

Or fuck em as honey badger does not care.

I buyed the dip, I maked some money with alts.
Buyed back all the way down for the only one king daddy BTC


Edit; I hope it isn’t a bear Trapp 

[Biodom]

Wifey dropped a huge renovation project on my head (not unexpectedly)...she says..."you can afford it".

The bounce to the rescue..sold a bit of some alt on a 100% bounce, lol, and the work is covered with excess.
No way I would be selling btc, that's what alts are for (aka selling).
The best part does not bring the subject of selling btc anymore after it recovered above the 2017 high, which is just fine with me.

A small story: many genes have minor alleles (gene variants) with a rather high prevalence of 1-10%. This is humanity's (or any species) "insurance" card in case something truly horrible like HIV comes. Case in point: 1% of the population is fully immune to HIV because a particular gene, CCR5, is mutated/inactivated (both copies) and 10% are not fully immune, but protected to a degree (one copy of CCR5 is intact, one mutated). Therefore, even if we had NO medicines against HIV, we (human race) would have survived it, like chimps did their virus (SIV).

IMHo, alts are those 1% 'weird' alleles, not really needed, but a hedge in case something would happens to bitcoin. Therefore, it is my philosophy to invest small sums using fiat and then sell the rips, fully or partially.

TLDR; Bitcoin is for holding and measuring your wealth in (like @Capslock had eloquently explained). Therefore, fiat and, possibly, alts are for spending. Why I even included alts..because they oscillate and sometimes go up 100X in a few mo, so if you are nimble enough, you can play and get 'play money' as a result.

[jojo69]

[Elwar]

If someone proposes a cryptocurrency that runs only on dirty energy and baby's blood I'll buy some.

I want my money to actually have an impact on the world, not just be some silent do nothing transactions that don't affect anyone.

If my cryptocurrency isn't burning full planets at a time I have no use for it. Leave the low carbon coins like Bitcoin to the plebes.

[ChartBuddy]

Explanation

[suchmoon]

Oh so Elon spoke with "North American miners"... well, he certainly didn't speak with me so right there I already know he's full of shit.

[Wekkel]

It’s just a horse abs pony show. Everyone can do as they please. Bitcoin won’t care. That’s the beauty of it.

[Elwar]

Oh so Elon spoke with "North American miners"... well, he certainly didn't speak with me so right there I already know he's full of shit.

qft

[El duderino_]

Oh so Elon spoke with "North American miners"... well, he certainly didn't speak with me so right there I already know he's full of shit.

Yeah well you know... Elon maybe just not a keyboard warrior... 

though I think he lost credibility in BTC-space for sure.

[Arriemoller]

Nobel Prize-winning economist calls Bitcoin a ‘cult’

"There always seems to be a new crop of believers. Maybe just think of it as a cult that can survive indefinitely," Krugman said.

https://www.zmescience.com/science/news-science/nobel-prize-winning-economist-calls-bitcoin-a-cult/

[Biodom]

If someone proposes a cryptocurrency that runs only on dirty energy and baby's blood I'll buy some.

I want my money to actually have an impact on the world, not just be some silent do nothing transactions that don't affect anyone.

If my cryptocurrency isn't burning full planets at a time I have no use for it. Leave the low carbon coins like Bitcoin to the plebes.

I guess, the pattern speaking in hyperbolas was a bit extended there, right? lol

Proposing the "Sun in 1000002021 AD" cryptocurrency, aka SUID would be appropriate (fitting).

[UnDerDoG81]

though I think he lost credibility in BTC-space for sure.

I think he just tested his influence with that tweet. Moron could spread FUD tomorrow again.

[Biodom]

I definitely agree it will in time have an effect on the precious metals market..

I have never seen a gold coin in person, thinking of maybe getting one gold maple leaf (canadian), but the premium is crazy (like 8% with shipping).
Is it heavy and shiny, lol? If I get one, it would be just for the sake of curiosity.