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

[ChartBuddy]

Explanation

[1713516118]

1713516118

[1713516118]

1713516118

[1713516118]

1713516118

[1713516118]

1713516118

[OutOfMemory]

We’ve all been through times like this in bitcoin many times, doesn’t make it any better though. I think deep down I know we’ll still make new ATH’s in 2021. I’m such a pessimist though, price action sucks atm.

I miss muh green dildos & memes.

You're just preparing yourself to get excited  
How can one experience fun when he never learned to cry. (My stupid simplification of a chinese proverb)

Unpopular opinion: Troubled waters until 21st of July. I'll hodl my coins and save some fiat until then  

I'm in LFC's boat. Pretty sure we are feeling the exact same feelings with the price action the last few months and all I can say is it sucks.

Of course long-term we both know where this is going, but, as they say "waiting is the hardest part".

Yeah, i've been through this in 2018 and 2019 after i made a move and used some of my fiat savings to buy additional bitcoin at $15k. It was a smaller fraction of my satstack, but the most expensive one until 2020, also (EDIT: one of) the biggest one-time amount spent buying corn.
Until mindrust's exit, i had plenty of time to learn to manage my feelings when price goes down.
But this time it's different, we're in a bull market (at least we should be), price goes south, FUD and government terror rose to an unseen amount yet. WSB mentality of making overleveraged-all-in trades adds to the problem. I still (try) to see the price action as a correction. I'm not immune to doubts, you know, but i ditched panic and i don't need most of the money i bought bitcoin with.
 
Spoiler: I bought it for the future of my kids/family.

But that's just me. I would never say things like "poor loser, don't whine around, hodl!" to any WOer experience negative feelings in regard to price action.

[Spaceman_Spiff_Original]

Just don't forget these words by Hal and you all will be good.

"With 20 million coins, that gives each coin a value of about $10 million."

Hal was a smart guy, but he arrived at that number through faulty economic reasoning.

[ImThour]

Just don't forget these words by Hal and you all will be good.

"With 20 million coins, that gives each coin a value of about $10 million."

Hal was a smart guy, but he arrived at that number through faulty economic reasoning.

Then I would rather believe his faulty economic reasoning.

[OutOfMemory]

Bitcoin bouced at exactly my triangle line setup.
It shows a very defined downward channel, tipping towards the first two weeks of august.
IIRC that's the month when the fun started in 2017?

[Spaceman_Spiff_Original]

Just don't forget these words by Hal and you all will be good.

"With 20 million coins, that gives each coin a value of about $10 million."

Hal was a smart guy, but he arrived at that number through faulty economic reasoning.

Then I would rather believe his faulty economic reasoning.

You prefer snorting hopium over truth?  To each his own I guess  .

Of course it seems inevitable that if bitcoin remains relevant (which most of us here strongly believe), and the us dollar is still a thing, that purely due to inflation it will reach a 10 million usd/btc price.  It just won't be dollars with the purchasing price of those in 2009 when Hal made the prediction.

[LoyceV]

I’m such a pessimist though, price action sucks atm.

Now imagine yourself a year ago, saying $32,383.11 sucks

[shahzadafzal]

Just don't forget these words by Hal and you all will be good.

"With 20 million coins, that gives each coin a value of about $10 million."

Hal was a smart guy, but he arrived at that number through faulty economic reasoning.

Well no economics was involved.. he just did the math and it's correct.

[El duderino_]

[ChartBuddy]

Explanation

[bitcoinPsycho]

I’m such a pessimist though, price action sucks atm.

Now imagine yourself a year ago, saying $32,383.11 sucks

I voted August, sorry not sorry 

My Vote is also August I am feeling we will go good.

$11,000 by September.

Source: Straight outta my ass!

Lol

[LFC_Bitcoin]

I’m such a pessimist though, price action sucks atm.

Now imagine yourself a year ago, saying $32,383.11 sucks

That is very true & when I was gobbling up cheap coins in 2014 & 2015 I would have gladly shook on $5,000 per coin. I’m a greedy bitch though, I have my heart set on obscene wealth

[El duderino_]

I’m such a pessimist though, price action sucks atm.

Now imagine yourself a year ago, saying $32,383.11 sucks

That is very true & when I was gobbling up cheap coins in 2014 & 2015 I would have gladly shook on $5,000 per coin. I’m a greedy bitch though, I have my heart set on obscene wealth

As bitcoiners we can’t forget some very key important things

It’s not a get rich fast thing though with buying bitcoin we are getting very fast rich/richer as we where before investing in bitcoin and it’s  on a most honest, most honorable, financial independent manner as we ever could of think….

It’s not a get rich fast, but it’s fast as all the rest if we respect it’s path and just follow the DCA, but the dip, stacking sats etc but most of all not the mindrust way…

[ivomm]

https://twitter.com/WhalePanda/status/1415228140763459589/photo/1

Some whales buying the dip? I also bought for €600. I can do this longer than bears think 

[AlcoHoDL]

Just when we all thought he was dead...

[ChartBuddy]

Explanation

[LFC_Bitcoin]

@DanielJoe916

Third largest #BTC  wallet just added 122 BTC ($3.9 million) during the recent dip. This wallet now holds 116,120 BTC worth $3.7B. This whale entity loves buying #BTC  in the low 30s.

@venturefounder

https://twitter.com/danieljoe916/status/1415155606529339394?s=21

[strawbs]

I just opened up an Electrum wallet which hasn't been used for several years, to find several identical and very small transactions. Suspecting a dust attack, but I've never paid much attention to the issue since I've never encountered it before. Should I be doing anything about this? Should I be worried?*

*ever noticed how so many MSM articles and interviews start with "should we be worried about...."

EDIT: just found fillippone's useful post here: https://bitcointalk.org/index.php?topic=5175238.0 - thanks!

[AlcoHoDL]

I just opened up an Electrum wallet which hasn't been used for several years, to find several identical and very small transactions. Suspecting a dust attack, but I've never paid much attention to the issue since I've never encountered it before. Should I be doing anything about this? Should I be worried?*

*ever noticed how so many MSM articles and interviews start with "should we be worried about...."

Has happened to me too. Every time I check my cold storage, I see more dust... It is indeed a dust attack. Nothing to worry about though, just mark all such small amounts as "do not spend", so as to neutralize the attack(s).

[somac.]

We’ve all been through times like this in bitcoin many times, doesn’t make it any better though. I think deep down I know we’ll still make new ATH’s in 2021. I’m such a pessimist though, price action sucks atm.

I miss muh green dildos & memes.

You're just preparing yourself to get excited  
How can one experience fun when he never learned to cry. (My stupid simplification of a chinese proverb)

Unpopular opinion: Troubled waters until 21st of July. I'll hodl my coins and save some fiat until then  

I'm in LFC's boat. Pretty sure we are feeling the exact same feelings with the price action the last few months and all I can say is it sucks.

Of course long-term we both know where this is going, but, as they say "waiting is the hardest part".

Yeah, i've been through this in 2018 and 2019 after i made a move and used some of my fiat savings to buy additional bitcoin at $15k. It was a smaller fraction of my satstack, but the most expensive one until 2020, also (EDIT: one of) the biggest one-time amount spent buying corn.
Until mindrust's exit, i had plenty of time to learn to manage my feelings when price goes down.
But this time it's different, we're in a bull market (at least we should be), price goes south, FUD and government terror rose to an unseen amount yet. WSB mentality of making overleveraged-all-in trades adds to the problem. I still (try) to see the price action as a correction. I'm not immune to doubts, you know, but i ditched panic and i don't need most of the money i bought bitcoin with.
 
Spoiler: I bought it for the future of my kids/family.

But that's just me. I would never say things like "poor loser, don't whine around, hodl!" to any WOer experience negative feelings in regard to price action.

It's not like I need the money right now, in fact I never really want to sell. Family home excluded, and only then just enough to keep the mortgage repayments bareable and the wife happy. Though if it goes up over 100k, and stays there, the income I could draw from 1-2% of my holdings would cover any repayments so maybe not even sell any then.

I guess that's why this dump got to me honestly. Unlike 2014, 2018, 2020 I wasn't close enough to my dreams and now that I was very close it just felt like a bullet in the back of the head (no panic though). Also, it was an unexpected move going off price history, and the thought that this could be a prolonged bear market after such a small move up is disheartening. I'm still hoping that this is a correction (mini bear market) in the longer bull supercycle as well, but I'm not seeing much bullish price action, though on-chain seems to be showing some good signs. Like others, I'm thinking towards the end of this year we should see something, but if we don't by then, well, that ain't a good sign.

Like yourself, my holdings are for my children. I won't spend any on myself as I'm a hermit who hates consumerism and loves hodling.