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

[Wekkel]

Glad Netherlands is out of the tournament they deserved it. I hope they will ditch the coach asap before next year's world cup in Qatar.

No scoring, no fun.

Those (fiat) millions don’t mean anything on the field 

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[El duderino_]

Glad Netherlands is out of the tournament they deserved it. I hope they will ditch the coach asap before next year's world cup in Qatar.

Next game Belgium vs Portugal. Go Belgium!

I hope so bro….. I hope so …. Watching the game

Though Holland should scored that goal, 2 min later red card, gliding De Ligt

[OutOfMemory]

Glad Netherlands is out of the tournament they deserved it. I hope they will ditch the coach asap before next year's world cup in Qatar.

Next game Belgium vs Portugal. Go Belgium!

I hope so bro….. I hope so …. Watching the game

Though Holland should scored that goal, 2 min later red card, gliding De Ligt

Too bad i was missing this match 
Waiting for POR/BEL now.
ITA/AUT was great, showing semi-final qualities, according to the italian coach in the aftermat(c)h interview.
FRA is my favourite, by the way.

[cAPSLOCK]

I do not know very much about this person.  And I have always sort of felt like that is for the good.  Because what little I have investigated about him reveals someone who, though a visionary, was somewhat twisted.  When I hear him called a "bitcoiner" I wince a little because I do not really like that he represents us.

On the other hand I am pretty sure he was a large whale.  And he was likely smart enough to think of ways to protect his fortune in the case of his demise, but I would also not be surprised if those coins are lost forever at this point.

If that is the case, then I am thankful for his final service to the community.

Also, I would not be surprised if this was somehow faked.  That is the kind of nut he was/is.

[ChartBuddy]

Explanation

[JayJuanGee]

https://twitter.com/APompliano/status/1408964287918379012?s=1006

Good to see

Holey moley... .almost made me cry to hear those representations, and I was not even chopping onions. 

Maybe just caught me at a bad moment?

In essence, the person assessed to be the third wealthiest man in Mexico is saying that all fiats are frauds... and summarizing that bitcoin is the solution... and he is not very hot about shitcoin aka ethereum either.... and he does not mince his words.
 
Jeez!!!!

Alright, I see everyone here supporting Bitcoin till their death. I also love Bitcoin alot however what's wrong if someone sell their Bitcoin just to buy more in the dip?

Like I have seen people selling their Bitcoin at 50k just to buy at 28k converting it from 1 BTC to almost 1.8 BTC without spending a single buck.

That's exactly the recipe for losing your BTC! I've seen many HoDLers become nocoiners and/or Bitcoin haters because of this. It's easy to say "sell high, then buy low", until one time you sell high and realize your high was the new low.

Buy whenever you can.
Sell only when you must.
HoDL.

Simple, works every time.

hahahaha

Exactamente!

If you point out a system (horse to water) that "works every time" then there is some (well perhaps several) smart asses that know how to improve the never failing system, and we know what happens to those "smarter than everyone else" peeps (they don't drink because they know about "another way"). 

They are still wondering why BTC prices won't go back to 4 digits.. and prior to September 2020, they were wondering why 3 digits was not coming soon^tm - that never came.  Go figure?

[Tash]

I do not know very much about this person.  And I have always sort of felt like that is for the good.  Because what little I have investigated about him reveals someone who, though a visionary, was somewhat twisted.  When I hear him called a "bitcoiner" I wince a little because I do not really like that he represents us.

On the other hand I am pretty sure he was a large whale.  And he was likely smart enough to think of ways to protect his fortune in the case of his demise, but I would also not be surprised if those coins are lost forever at this point.

If that is the case, then I am thankful for his final service to the community.

Also, I would not be surprised if this was somehow faked.  That is the kind of nut he was/is.

Whale no, he is in a league of its own. He personaly never had an account on the forum.
. As recently as March he claimed to be in control of one million Bitcoin.
Founder of the first and only true Bitcoin exchange http://mpex.co/ with 2 million visitor per month, founded 2011

http://thewhet.net/

http://trilema.com/2016/cia-factbook-the-most-serene-republic/
True Bitcoiners disappear fast.

[ChartBuddy]

Explanation

[El duderino_]

The Bruyne out…. Will get difficult now

[ImThour]

https://cointelegraph.com/news/banking-giant-bbva-debuts-bitcoin-trading-and-custody-for-swiss-clients

[AlcoHoDL]

Just imagine how it will feel when Bitcoin breaks $100k. And then $200k. And then $500k. And then $1M. And then...

Don't sell your corn, fools.
Don't go against the new law:
Bitcoindynamics!

#engineerscornhaiku

[Biodom]

what a boring game...maybe Seville is too hot rn.

[ChartBuddy]

Explanation

[Copetech]

Someone who was here since 2011 has got to be a whale, maybe even a 'blue whale', unless they were into some "other" stuff early.
It figures.

You could be correct that there are a decent number of 2011-ish forum members who would be whales of some sort.. but gosh I hate to be assuming too much in that direction....

So, according to todays definition of whale, we might be able to 10x or 16x (which seems to be too presumptuous) our anticipations regarding where BTC might go each cycle, so  those of us who registered in 2014, would be considered having high likelihood of being whales in 2024, or it does not work like that?

We might need our little chart again, for reference sake.



Of course, over the years, the classifications of the fishes and amounts needed for each classification should be changing, no?  Do these categories still stand, or does someone want to tweak to make them more reflective of our current BTC price dynamics times?  In other words, is 1,000 BTC still required for entry-level whale status?

Still a crab oh well

I'm confused... I've seen it said over and over that you become a Whale (or at least "reach Fuck U Status) at 0.21BTC.

You cannot be serious, Copetech,.  Right?

Seems to me that currently the 0.21 BTC is a BTC accumulation level that is way more reachable than higher amounts.  Yeah, sure perhaps some day down the road 0.21BTC is going to bring you to whales status, and of course, the whale status of the chart may even be outdated, which was part of the reason that I was attempting to get guys to chime in with their perspectives in terms of updating such chart.

I had already seen some other charts in which the lower levels of BTC accumulation were divided more, but when I did a quickie google search a couple of days ago, all of the variations of charts were substantively something like the one that I posted.

I also doubt that it is accurate to merge the concept of whale status with fuck you status, because I believe that whale status implies abilities to move the BTC market (if wanting to do so) and fuck you status seems to just being able to reach a state in which working for money is no longer necessary and completely optional... or some variation of having more options of not having to work.

At this point, I am not sure about how much more elaboration is necessary because you seem to be jumbling a lot of points, and then coming out with a kind of gobbledy-gook assessment regarding what the goals of any forum members might be or how to reach various statuses within your own BTC accumulation.

Are you telling me now that my life's ambitions amounts to nothing more than a freezer burned popcorn shrimp???

Lies! All Lies! 

Even you know better than that, no, Copetech?  Today's shrimp could become tomorrow's whale, but of course, if you are higher within the categorizations, then surely you have better chances of becoming either a whale or reaching fuck you status.  I believe that way more people think about how to reach fuck you status, and probably ONLY the narcissist deranged fucks strive to become whales.  Of course, it is hard for me to really know because I have troubles spending all of my cashflow, so I do need to UP my game, but I also don't really want to create more work for myself, either.  Let's say for example that I wanted to buy a yacht or a plane.. There is work involved in that , no?  Not saying that my 0.21 BTC is currently sufficient, but just using that as an example of sometimes spending your fuck you status money can also be a challenge in terms of learning how to do it without causing too much work or psychological issues.

ROFLMAO 🤪

YES I was absolutely Joking! ( but thanks for playingalong!
International BBS forums bring out the best of my naturally dry sense of humor... or maybe just confuses people, I dunno, but I laughed!



*page break*

So I've been pondering a new little angle on the LumpSum/DCA/Dippety-Doo-Dah strategy and wanted to see what others think of my ponderances...
(And NO it doesn't involve shitcoins, so put the high-horse away for now)
So, we take our expected available investment capital & split it into 3 piles blah, blah, blah... then we take the DCA pile and (for reasons of explanation) let's say split it into 52 weekly buys. But rather than making the weekly DCA blind market price buys, take a minute each week to analyze the market using whatever tools we've learned to make a solid educated guess on what the "bottom" is gonna be that week and set a Stop/Limit buy at that amount. Now here's the kicker, once that order is placed, it's placed! Self Discipline! No take backs! Now as we're going along, if we find a point where our expected DCA'd low for the week already has a Stop/Limit order with-in $1k we choose which one we want to keep, and place the other $1k higher, but if $1k higher is higher than current market or already taken we place it $1k lower. Continue this alternating Hi//Low until we find the first available Stop/Limit placement.
Now as time goes on, we should be able to use this experience to improve on our weekly analytical skills so our success rate should improve, but invariably there will likely be a number of Stop/Limit orders on the table where BTC's uppity got away from us... but the orders were placed and so they stay! Because as we all know, every 4 year cycle, the parabolic downing returns! But now, this is a point of celebration! Because all those low-balled S/L's between the top and the bottom of the crash get bought up at dippening prices! Then, when all your learned Sciences & Maths tell you that the bottom is in and the long weary crypto winter has begun, it's again time for celebration,  because every S/L order that is left more than 30% below your current "bottom" price gets canceled all at once, and you use that new lump sum to buy at the current market price. The "new low" and the cycle starts again.

*page break*

Now my thinking here is, if the goal is buy & HODL anywho, the stop/limits that are missed and left on the exchange until the next crash are bought anyway, and you should be increasing your odds of getting the best price with each week's analysis... so over time, your tools and skillz should always be improving. And if this strategy spreads, and a bunch of peeps start doing it, it should serve to dampen parabolic Downward volatility as well as adding a booster shot to each extreme bottom.
Now, of course, this does put a bit of faith in the exchange, and I know Mt. Gox nightmares abound. But the exchange I'm using is a massive US based, publicly traded, insured company, and regardless of the current condition of our shamwow government, I have to expect that severe regulatory pressure will prevent any cut & run tendency would be minimized, and I will certainly keep my coins & keys transferred to a private wallet every time the value reaches my predefined amount that justifies the transaction costs and exposure limitations. And I have to think the documented Fiat amounts would be much easier to recover than an amount of BTC that has no other documentation outside of the exchange itself.

BUT, I'm a Newbie still and just pondering this, so please feel free to shoot as many holes in it as possible... please?

[cAPSLOCK]

I do not know very much about this person.  And I have always sort of felt like that is for the good.  Because what little I have investigated about him reveals someone who, though a visionary, was somewhat twisted.  When I hear him called a "bitcoiner" I wince a little because I do not really like that he represents us.

On the other hand I am pretty sure he was a large whale.  And he was likely smart enough to think of ways to protect his fortune in the case of his demise, but I would also not be surprised if those coins are lost forever at this point.

If that is the case, then I am thankful for his final service to the community.

Also, I would not be surprised if this was somehow faked.  That is the kind of nut he was/is.

Whale no, he is in a league of its own. He personaly never had an account on the forum.
. As recently as March he claimed to be in control of one million Bitcoin.
Founder of the first and only true Bitcoin exchange http://mpex.co/ with 2 million visitor per month, founded 2011

http://thewhet.net/

http://trilema.com/2016/cia-factbook-the-most-serene-republic/
True Bitcoiners disappear fast.

We may have differing impressions of what sort of person he was... that's fine, of course.

Who has the keys to those million BTC now?  I would not be surprised if he'd set up a dead man switch to pull some sort of crazy action...  interesting times.

[El duderino_]

The Bruyne out…. Will get difficult now

Made it luckily

[jojo69]

[Torque]

So not to sound bearish (I'm forever a permabull ya'know), but with the hash rate retarget (back to 6/2020 levels) looming, I'm guessing bear whales are going to be FUDing and gunning for a massive "scare the absolute shit out of the n00bs and make them puke their guts out" big dump moment.

If it happens, I'm sure it'll look scary, like a big capitulation, but we all know it will eventually recover. For those want to add to their long positions, it'll be a gift from the Bitcoin godz.

The MSM will of course have a field day with the news. I expect to see the word "Plunge" in a lot of Bitcoin headlines.  

What do you guys think?

#HODLERSUNAFFECTED

[Torque]

Alright, I see everyone here supporting Bitcoin till their death. I also love Bitcoin alot however what's wrong if someone sell their Bitcoin just to buy more in the dip?

Like I have seen people selling their Bitcoin at 50k just to buy at 28k converting it from 1 BTC to almost 1.8 BTC without spending a single buck.

For those in the U.S., there has to be a net 30%+ between your sell and your re-buy, or it's not even worth it.

Because taxes.

And good luck timing that perfectly.

Better to just buy and hold long term, and DCA.

[cAPSLOCK]

So not to sound bearish (I'm forever a permabull ya'know), but with the hash rate retarget (back to 6/2020 levels) looming, I'm guessing bear whales are going to be FUDing and gunning for a massive "scare the absolute shit out of the n00bs and make them puke their guts out" big dump moment.

If it happens, I'm sure it'll look scary, like a big capitulation, but we all know it will eventually recover. For those want to add to their long positions, it'll be a gift from the Bitcoin godz.

What do you guys think?

#HODLERSUNAFFECTED

In my list of scenarios this one is VERY likely.  But I also think it is possible there will be plenty of buyers.  It will be interesting to see big money show up, maybe.

In one of my much less likely scenarios a government attempts a hash attack.  That's a really small one though.