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

[ImThour]

BTC for ever.

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[El duderino_]

I've just bought for 500€ and I will keep doing that DCA each month until I retire. My advise for bigger sums is to divide them at least in 3 parts and buying now with the first part. In case the price falls enough, fire the next buy and so on.

I have already bought worth $10k in 3 Months.
I will follow your technique. Thank you!

The number of USDTs irrelevant. What matters is how significant that amount is for you and what's your tolerance for risk. Is that your life savings? Or just some pocket change left over from buying a lambo last week? And how badly would you mindrust yourself if you lost half of it overnight?

Thank you for making me view it from an interesting viewpoint.

I will continue with DCA however I feel myself overbuying which might be a problem 

Don’t listen to both of them until the Dude has spoken, my point of view …. All in especially if it’s already in USDT, I prefer my wealth in BTC at any time and especially over USDT …. If it’s already converted from fiat to crypto, then HODL the right one as a MAIN rule

Also if it’s already in USDT then it’s purpose is investing it and not needing it for daily things “I think” …. So ALL ASAP

[LFC_Bitcoin]

@100trillionUSD
June closing price $35,037 .. as far below S2F model as in Jan 2019. Next 6 months will be make or break for S2F (again).
https://twitter.com/100trillionusd/status/1410530418495983617?s=21




 

[ChartBuddy]

Explanation

[Copetech]

Take 1g of Vitamin C every hour all day. That knocked out my COVID in a day.

Uh ... I know there's no such thing as Vitamin C overdose, but that's twice more than the maximum recommended (10 grams per day, some articles say 2 grams per day is the max without side effects) on some studies I read. I just take 1g a day and I'm doing fine. Maybe 2 if I don't forget, and just your typical costco / kirkland brand too.

Any more than 5 to 10 and you're likely to just waste it.

But then again, COVID is a new thing, perhaps that's what is needed ...

Feeling a little bit better today, though not feeling refreshed and also grumpy after 12 hours of sleep. Just kinda passed out yesterday and woke up when the kids already were in school. Symptoms did not get worse.
On Vitamin-C: If you take too much at a time, you will get the shits. Half a gram of ascorbic acid should be ok, double dose if PH-neutralized (for example potassiumascorbate).
If you take too much for a while, it will block oxidation processes in the body, which is not always healthy, same with other antioxidants like Vitamin-E.
Let's see what tomorrow brings, when i do another saliva test.

Glad to hear you're holding the line!
Vit-D is a very important part of the Equation, and I know you said you didn't tolerate it well in supplement form. Just wanted to make sure you knew supplement D is pretty useless in comparison with what your body generates itself when out in peak hour sun. Not sure what hemisphere you're in, but if you can spend about 1/2 an hour sunbathing each day you'll be better off for it! Sunlight, the best disinfectant!
Also, there is something to that old "chicken soup" remedy. Ground black pepper is a great decongestant and when combined with a hot broth or soup it really brings the relief straight to the chest & sinuses.
And Sweat Baths! To break a fever, bundle up in blankets & sweat it out. This should be followed with a hot shower and bedding change though because once all those toxins are released from the skin, you don't want to just lay in 5hat filthy stew.
But most importantly, rest. Your body uses a lot of energy fighting off viral or bacterial invaders. Give it the rest it needs to keep pushing the bugs back!
Take care of you!

-Cope

[AlcoHoDL]

Take 1g of Vitamin C every hour all day. That knocked out my COVID in a day.

Uh ... I know there's no such thing as Vitamin C overdose, but that's twice more than the maximum recommended (10 grams per day, some articles say 2 grams per day is the max without side effects) on some studies I read. I just take 1g a day and I'm doing fine. Maybe 2 if I don't forget, and just your typical costco / kirkland brand too.

Any more than 5 to 10 and you're likely to just waste it.

But then again, COVID is a new thing, perhaps that's what is needed ...

Feeling a little bit better today, though not feeling refreshed and also grumpy after 12 hours of sleep. Just kinda passed out yesterday and woke up when the kids already were in school. Symptoms did not get worse.
On Vitamin-C: If you take too much at a time, you will get the shits. Half a gram of ascorbic acid should be ok, double dose if PH-neutralized (for example potassiumascorbate).
If you take too much for a while, it will block oxidation processes in the body, which is not always healthy, same with other antioxidants like Vitamin-E.
Let's see what tomorrow brings, when i do another saliva test.

Good to know you're OK and not worse than earlier. In my humble opinion, getting vitamins from pills, and overloading your body with supplements and "healthy" add-on pills is not the best way to go about it. Just eat a balanced diet, and consume the natural stuff that have what you need (Vitamin C or whatever). "Pill" solutions are shortcuts that do not always help.

I've been busy IRL and only skim through WO lately, so I didn't quite get your earlier comment about COVID-19, did you say you've got it, or you may have it? I hope you are clear of it. BTW, a few days ago I had my 2nd dose of the COVID-19 vaccine (the Pfizer variety). All is fine, no side-effects at all, apart from a mild muscle pain at the injection site, lasting less than 2 days.

Hope you get well soon, and that it's not related to COVID-19.

[ChartBuddy]

Explanation

[cAPSLOCK]

Your ideology is fake!



The problem that most don't understand is that the BTCiTcoins have dried up from the traditional supply. And the only way to get bitcoins is from the Altcoin Vs. Bitcoin market. But to do that, you have to acquire Altcoins to push the price in fiat on them and then dump them on a loss for BTC.     

So I guess... suck on that you maximalist fanatic! You won't get your way! You will get f^cked the Altway!!!

Where is the fuck off button?

Ah yes.. there it is...

[vapourminer]

As long as you have a roof over your head and your bills are taken care of you can never buy too much BTC

Exactly. I would never regret looking back at this post or comment in future.
I am sure all you Legends/Hero Members loves your yearly gains.

yeah. and dont forget to enjoy those potential multi year long losses too.

[ChartBuddy]

Explanation

[aysg76]

The problem that most don't understand is that the BTCiTcoins have dried up from the traditional supply. And the only way to get bitcoins is from the Altcoin Vs. Bitcoin market. But to do that, you have to acquire Altcoins to push the price in fiat on them and then dump them on a loss for BTC.     

So I guess... suck on that you maximalist fanatic! You won't get your way! You will get f^cked the Altway!!!

What utility altcoins you have in your mind other than bitcoin that can provide you security of transactions with thousands of potential nodes running across the network.So a certain so called dumbass group of persons will be able to push the shitcoins price high against bitcoin when they all follow it ? Eventually you don't need to dump the altcoins because the temporary run for them is over and so they automatically dumps and so called altway is set out of the market.Have some in depth knowledge before supporting the so called zero utility altcoins.

[AlcoHoDL]

Oh, the sweet revenge.
When altcoiners crash and burn.
Take no treesoners.

#cryptichaiku

[ChartBuddy]

Explanation

[JimboToronto]

Good morning Bitcoinland. Happy Canada Day all you WO Canucks.

Still stuck in the mid-$3xxxx range... currently $33740USD/$41714CAD (Bitcoinaverage). Waiting for October.

Too busy getting infrastructure together at the lake. Moved in temporary trailer last week. Laid gravel bed for the shipping container that will serve as garage and secure storage. After a couple of months of day trips we're ready to start spending nights.

Take 1g of Vitamin C every hour all day. That knocked out my COVID in a day.

Uh ... I know there's no such thing as Vitamin C overdose, but that's twice more than the maximum recommended (10 grams per day, some articles say 2 grams per day is the max without side effects) on some studies I read. I just take 1g a day and I'm doing fine. Maybe 2 if I don't forget, and just your typical costco / kirkland brand too.

Any more than 5 to 10 and you're likely to just waste it.

But then again, COVID is a new thing, perhaps that's what is needed ...

Someone with far more expertise than I about vitamins mentioned about doing it once in an hour due to how it is absorbed by the body and how quickly it loses effect (or something along those lines). Basically spreading it out throughout the day is the key.

There is something about the body not absorbing as efficient from pills as it does from food also.

I get my Vitamin C both ways. I eat a healthy diet of fresh foods, not peeled (the skin's the best part), not overcooked, and also take a 1000mg time-release Vitamin C tablet every morning and night.

Using time-release tablets is key.  Your body quickly pisses it out so you need to keep trickling your supply slowly into your system. This is why dietary Vitamin C works better. Digestion of food releases the C at a slower rate, just as soluble fiber slows the absorption of sugars, slowing diabetes.

[JayJuanGee]

The problem that most don't understand is that the BTCiTcoins have dried up from the traditional supply. And the only way to get bitcoins is from the Altcoin Vs. Bitcoin market. But to do that, you have to acquire Altcoins to push the price in fiat on them and then dump them on a loss for BTC.     

You are full of shit, you dweeb.  There are a variety of places to buy BTC through fiat, and not shrinking, either.

So I guess... suck on that you maximalist fanatic! You won't get your way! You will get f^cked the Altway!!!

In your fantasy dreams.

A Physics Prof Bet Me $10,000 I'm Wrong

https://www.youtube.com/watch?v=yCsgoLc_fzI

Did you like it?

I could see his point well with the blue wheeled cart and wooden board.

Yeah, thought it was pretty cool as its so counter intuitive.

Yes.. but gears are very empowering.

We do not get resolution of the perpetual motion machine merely by introducing gears though, do we?  Even if we can get a wind car that moves faster than the wind by use of gears.

By gears you mean flywheels? Well in this case they did not use any flywheel and that is the whole point. Propeller is directly connected to the wheels so there is no chance like Prof. claimed may be a gust of wind pushed cart and when wind slowed down cart still moving faster.

Actually in the first video Derek showed that blackbird was gaining speed instead of slowing down, and in the original experiment in 2010 they concluded that there is no theoretical upper limit to how fast a rotor-driven craft can go directly upwind or downwind.

My understanding is that they had gears between the propeller and the wheels that caused the wheels to move faster than the propeller, it was not a 1:1 relationship.... that was illustrated with the car and the board, too.

I have some groups with friends involved and some new people etc, the ALT-koolaid is strong in many of them...

Hopefully, you are speaking with clarity and not equivocating in your actions or your words with those likely to be distracted and deluded members of your circle without necessarily causing them to fail/refuse or evade talking with you about bitcoin to the extent that you can tolerate such ongoing foolishness for what it is.

For sure, if they have 80% or more of their total crypto in bitcoin, then their fucking around with shitcoins is more understandable.. even if it might still be a bit distracting to their brain and even diluting of what could have been more focused on bitcoin.. but surely peeps do need to attempt to learn their own way and in their own time, which might result with a bit of experimentation that hopefully does not get too far out of hand and risking too much principle in any given time  (gamblers going to gamble, too).

I recall some people in mid to late 2017 who refused to put any allocation in bitcoin, which caused me to conclude that there are some pretty big crazies out there, and some of them might concede and put 20% into what they called bitcoin grandpa coin, and I am thinking that they have not faired too well with those choices, but sure some of them were just in and out kind of investors rather than being serious in any kind of longer term approach.. even though I have never quite waffled in my suggestion that bitcoin should be approached as a longer term investment.. the longer the better, but even with longer term investments, the investor should not be giving discretion to someone else - unless s/he knows that s/he is way too inclined to gamble, so ends up paying some annual fee to advisor to manage those kinds of matters - but even with a money manager (that you should not actually need in bitcoin) the investor still should be calling the shots.

You know I don't believe you in your shilling for your precious "Butcoin" right?? ...

I doubt anyone gives any shits about what a dweeb like you believes or doesn't believe, including yours truly.

Long term, this mighty coin is deemed to fail in its dominance.


My advice

Who would take advice from a seemingly desperate twat, especially unsolicited advice?

is to seek some kind of coin that also has a utility of some sort, and also it needs to have a userbase. Like those that have some kind of social media platforms backing them.

Assuming bitcoin to be broken and without utility is a pretty BIG grasping at straws.  You still don't understand bitcoin, you dumb twat?  I would suggest that you go back to bitcoin basics, and maybe, just maybe, you might have a chance of redemption... It's a long-shot, but one can never know.

[cAPSLOCK]

OK... I need y'all to talk me off the ledge.

My state attack paranoid theory along with the 139 minute block time this morning between 689300 and 689301 has me all would up thinking about reorgs etc.

_edit_

So I have been doing a little math (remember that I am a musician primarily... so math is a dark art for me), and putting aside things like the first few blocks and amazingly long times then, my figuring based on reasonable swings in hashrate (including the one we are in now) this type of gap should not happen more frequently than like 3+ halving Epochs.  I might have my figuring wrong, and some of it is on my head-napkin.  It could be even more EV rare than that.

[cAPSLOCK]

OK.  What the hell?  I really like Tradingview, and there are some gems of shadetree analysis on there.  Some really interesting ideas and insights.  But WHY, WHY, WHY does ANYONE think shit like this is useful at all?

This guy is one of the top follows on there.  What the heck is wrong with people?

He needs to come sit under the zen feet of Toxic for a while and learn about ducks diving for salamanders and things like that.

[JayJuanGee]

A quick question from the OGs.
I have $4000 in USDT.

Should I buy BTC now for all of that or wait?
Not sure what to do with that. 

When you are considering investing more into bitcoin (presuming you already own some BTC) you need to consider lumpsum, dca and buying on dips... so how much of your $4k to plug into each or any of those categories would depend on if you have any money already dedicated in those categories... .

Furthermore, you need to consider your whole situation including your cashflow, how much you already have in bitcoin (which you seem to have already decided that you want $4k more to be in bitcoin), your other investments, your view of bitcoin compared with other investments, your timeline, your risk tolerance, and your time, abilities to plan, learn and adjust your BTC portfolio along the way, if at all,.. presumably investing at least 4 years, no?

In other words, just market buy now... might help the rest of us to get a 5-minute pump.   

I've just bought for 500€ and I will keep doing that DCA each month until I retire. My advise for bigger sums is to divide them at least in 3 parts and buying now with the first part. In case the price falls enough, fire the next buy and so on.

You cannot just retire early, ivomm?

I am going to create a hypothetical that is not necessarily meant to be your situation, but let's say for example you have a pension that is $50k per year and it has a bunch of other perks that cause it to go up another 50% , so it is really worth around $75k per year of already earned money once your retirement date comes, so you do not feel comfortable leaving that on the table, but you have a BTC stash that is something like 100BTC, so you feel pretty good about the BTC having a current value of $3.3 million (income of $132k) ($33k BTC prices), and currently with BTC volatility uncertainties, you might want to value the BTC ONLY at the 208-week moving average of $13,333 - so therefore only $1.33 million (income of $53.2k).

But if BTC prices were to go up to $500k and then correct back down to $100k, at some point the 208-week moving average is going to move up to $100k too.. and that would cause some amount of certainty that your BTC stash is worth several multiples in excess of the pension that you might end up leaving on the table, no?  In other words, valuing BTC at $100k would cause a $10 million BTC portfolio value (income of $400k).  At some point, the pension would start to seem like peanuts compared to the value of freedom, no?

I understand that some people still do get some pleasures from their jobs, but there is a breaking point at some price point, too, no?  Those breaking points need to be considered no, whether it is having assurances of 2x the salary, 10x the salary or 50x the salary?  or some other breaking point to cause a desire to split away from current job duties and activities or maybe just renegotiate the terms, perhaps?

[ChartBuddy]

Explanation

[WaltKitty]

I've just bought for 500€ and I will keep doing that DCA each month until I retire. My advise for bigger sums is to divide them at least in 3 parts and buying now with the first part. In case the price falls enough, fire the next buy and so on.

I have already bought worth $10k in 3 Months.
I will follow your technique. Thank you!

The number of USDTs irrelevant. What matters is how significant that amount is for you and what's your tolerance for risk. Is that your life savings? Or just some pocket change left over from buying a lambo last week? And how badly would you mindrust yourself if you lost half of it overnight?

Thank you for making me view it from an interesting viewpoint.

I will continue with DCA however I feel myself overbuying which might be a problem 

Don’t listen to both of them until the Dude has spoken, my point of view …. All in especially if it’s already in USDT, I prefer my wealth in BTC at any time and especially over USDT …. If it’s already converted from fiat to crypto, then HODL the right one as a MAIN rule

Also if it’s already in USDT then it’s purpose is investing it and not needing it for daily things “I think” …. So ALL ASAP

Listening to advice on a maximalist Bitcoin forum is OK in my opinion but I think you need to make up your own mind when it comes to financial investments. Trust your feeling's Luke. What I mean is maybe buy a nice fat stack of satoshi's with say a quarter of your fiat available for the warm fuzzy feeling it gives you and break the rest into smaller DCA portion's until that over-invested feeling dissipates to a manageable level. After several of these "hi-lo" roller-coaster ride's you will be a grizzled battle hardened veteran with a solid investment plan that fit's your personal risk tolerance.