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

[JayJuanGee]

I still smell uncertain, doubtful sentiment. The top is past us, at 64k, and similar unlikely moaning.

When we cross 64k it will be epic. Many, many coiners will have a surge of relief and gloat as if nothing had been and they'd been knowing it all along. Sentiment will go berserk. We will rip through new territory on momentum alone. There, we should be wary of a premature ejaculation. Oops, I meant a hasty blow-off top.

If history repeats itself we will have another price correction as soon as we reach another ATH

Even though you are likely correct, no need to think about that part too much until getting there.

In other words, I hope that you, Macadonian, don't sell too much too soon.. .and some people have also already decided to hold through both the UPs and the DOWNs because they are worried about tax consequences and they are also worried that they still do not have enough BTC... so for example, some relative newbies might have a goal to get to fuck you status, but they ONLY have a small number of BTC, perhaps 5 BTC or fewer.. so it takes a while to get to that fuck you status.. and then also to be in a comfortable position through the whole matter.. who wants to get to fuck you status, so for example, you have your 5 BTC, and the BTC prices go to $400k and you sell all your BTC, but then you feel uncomfortable because you have your value in fiat.. so perhaps there might be more security to sell portions of BTC at various prices and to hold a decent amount of value in BTC rather than valuing wealth in dollars and cashing out their BTC.. even though if they are able to time the top, it could be an o.k. thing to cash out some with an expectation of buying back.. but people are worried about playing around with too much of their BTC stack in that kind of selling off too much of it, even if it might be the top for the cycle.

Would love to see a poll here asking -

Do you think we’ll see another new ATH in 2021?

Yes or No?

I’m just keen to see the sentiment amongst fellow HODLERS.

We have not gotten past the current poll yet.

Should that current poll be abandoned?

I would say that if the current poll ends up being correct to the upside, then it becomes quite likely for new ATH soon thereafter.. which gosh that resolution of this particular current poll should be this calendar year to resolve the current poll, no?..    We are ONLY in early August, and the current poll should be resolving soon.. perhaps this month?

Of course, if the current poll were to resolve to the downside, then we may well end in a doosey of a year with a lot more shaking of weak hands and even purgenings of quite a bit more froth in other cryptos too.. but to me, it does not seem that the purgenings are necessary.. or even should be greatly likely.. but none of us can really know how some of this could play out in terms of if DOWN ended up coming before UP..... no one likes for 14 year olds or even techies to get free money and to get rich quick, but I am not sure who holds more power here in terms of bitcoin power to continue to cause the gravitation UP, and we know that the shitcoiners are likely hanging on the apron strings the whole time..

So I am not going to say that I know anything (nuttin) in terms of short-term, even though I am still thinking that the odds are that the current poll has better odds of resolving UPpity rather than DOWNity. .but even two weeks ago we were getting close to resolving DOWNity.. so if we get back into the lower $30ks again, how are we going to feel?  We might feel that the current poll is gaining greater odds of resolving DOWNity.. so gosh, don't we need to cross one bridge before pee paring our lil selfies for the next one.. and yeah of course, we should always be prepared for UPpity.. so I am not saying that.. but we do have to get passed one point to more clearly know the answer to the next point.. especially if we are talking in smaller timeframe intervals. .

[shahzadafzal]

Would love to see a poll here asking -

Do you think we’ll see another new ATH in 2021?

Yes or No?

I’m just keen to see the sentiment amongst fellow HODLERS.

but unfortunately last poll also went unbusted... and this one went so close ($42k) yet so far.... Do not go gentle into that good night.

Do you think we’ll see another new ATH in 2021?
Answer is Yes yes yes.

Should that current poll be abandoned?

I think we should wait little more.

[Macadonian]

I still smell uncertain, doubtful sentiment. The top is past us, at 64k, and similar unlikely moaning.

When we cross 64k it will be epic. Many, many coiners will have a surge of relief and gloat as if nothing had been and they'd been knowing it all along. Sentiment will go berserk. We will rip through new territory on momentum alone. There, we should be wary of a premature ejaculation. Oops, I meant a hasty blow-off top.

If history repeats itself we will have another price correction as soon as we reach another ATH

Even though you are likely correct, no need to think about that part too much until getting there.

In other words, I hope that you, Macadonian, don't sell too much too soon.. .and some people have also already decided to hold through both the UPs and the DOWNs because they are worried about tax consequences and they are also worried that they still do not have enough BTC... so for example, some relative newbies might have a goal to get to fuck you status, but they ONLY have a small number of BTC, perhaps 5 BTC or fewer.. so it takes a while to get to that fuck you status.. and then also to be in a comfortable position through the whole matter.. who wants to get to fuck you status, so for example, you have your 5 BTC, and the BTC prices go to $400k and you sell all your BTC, but then you feel uncomfortable because you have your value in fiat.. so perhaps there might be more security to sell portions of BTC at various prices and to hold a decent amount of value in BTC rather than valuing wealth in dollars and cashing out their BTC.. even though if they are able to time the top, it could be an o.k. thing to cash out some with an expectation of buying back.. but people are worried about playing around with too much of their BTC stack in that kind of selling off too much of it, even if it might be the top for the cycle.

Would love to see a poll here asking -

Do you think we’ll see another new ATH in 2021?

Yes or No?

I’m just keen to see the sentiment amongst fellow HODLERS.

We have not gotten past the current poll yet.

Should that current poll be abandoned?

I would say that if the current poll ends up being correct to the upside, then it becomes quite likely for new ATH soon thereafter.. which gosh that resolution of this particular current poll should be this calendar year to resolve the current poll, no?..    We are ONLY in early August, and the current poll should be resolving soon.. perhaps this month?

Of course, if the current poll were to resolve to the downside, then we may well end in a doosey of a year with a lot more shaking of weak hands and even purgenings of quite a bit more froth in other cryptos too.. but to me, it does not seem that the purgenings are necessary.. or even should be greatly likely.. but none of us can really know how some of this could play out in terms of if DOWN ended up coming before UP..... no one likes for 14 year olds or even techies to get free money and to get rich quick, but I am not sure who holds more power here in terms of bitcoin power to continue to cause the gravitation UP, and we know that the shitcoiners are likely hanging on the apron strings the whole time..

So I am not going to say that I know anything (nuttin) in terms of short-term, even though I am still thinking that the odds are that the current poll has better odds of resolving UPpity rather than DOWNity. .but even two weeks ago we were getting close to resolving DOWNity.. so if we get back into the lower $30ks again, how are we going to feel?  We might feel that the current poll is gaining greater odds of resolving DOWNity.. so gosh, don't we need to cross one bridge before pee paring our lil selfies for the next one.. and yeah of course, we should always be prepared for UPpity.. so I am not saying that.. but we do have to get passed one point to more clearly know the answer to the next point.. especially if we are talking in smaller timeframe intervals. .

What I earn from Bitcoin will be deposited into assets like houses and personal items but my wealth will remain in Bitcoin. If we did get to 400k per coin then why would I ever need to convert back to fiat I would say fuck you to fiat as well as having the status of fuck you money but I do not have enough Bitcoin for that right now not in my life time so I need to accumulate more by setting aside 10k a year to invest in Bitcoin and the rest of my wealth will be used to feed me.

[JayJuanGee]

Would love to see a poll here asking -

Do you think we’ll see another new ATH in 2021?

Yes or No?

I’m just keen to see the sentiment amongst fellow HODLERS.

but unfortunately last poll also went unbusted... and this one went so close ($42k) yet so far.... Do not go gentle into that good night.

Do you think we’ll see another new ATH in 2021?
Answer is Yes yes yes.

Should that current poll be abandoned?

I think we should wait little more.

Also, I am kind of speculating that the current poll is largely asking the same question. 

Sure, it is not the exact same question, but I doubt that at this time, the results of the poll that LFC suggests would end up having results that are very different from the results of the current poll, even though the current poll has not been yet answered in terms of facts resolving the presented issue.. $25k first or $50k first?

[Macadonian]

Would love to see a poll here asking -

Do you think we’ll see another new ATH in 2021?

Yes or No?

I’m just keen to see the sentiment amongst fellow HODLERS.

but unfortunately last poll also went unbusted... and this one went so close ($42k) yet so far.... Do not go gentle into that good night.

Do you think we’ll see another new ATH in 2021?
Answer is Yes yes yes.

Should that current poll be abandoned?

I think we should wait little more.

Also, I am kind of speculating that the current poll is largely asking the same question. 

Sure, it is not the exact same question, but I doubt that at this time, the results of the poll that LFC suggests would end up having results that are very different from the results of the current poll, even though the current poll has not been yet answered in terms of facts resolving the presented issue.. $25k first or $50k first?

I think the poll we have now is better than what LFC said to do because everyone in this topic a part from a couple of members will be voting yes at least we will see what people think the direction is going in with the current poll.

[ChartBuddy]

Explanation

[El duderino_]

LoL watching suicide squad

Awesome good 

[Toxic2040]

the noon wall report

#dyor




4h

#stronghands

[ChartBuddy]

Explanation

[JayJuanGee]

[edited out]

What I earn from Bitcoin will be deposited into assets like houses and personal items but my wealth will remain in Bitcoin.

Sure, that is fair enough that you have figured out some kind of allocation or reallocation that works for you, so my initial impression of what you were saying was a bit off (in other words, incorrect).

I don't see any problem with trying to figure out some attempts at balancing along the way, and surely guys are going to come to differing conclusions about their targets and how to effectively accomplish their targets.  Some guys will also make mistakes in terms of trying to reach their targets and perhaps poorly timing aspects of the BTC market, and there are a lot of ways that mistakes can be made that are not ONLY limited to selling too many BTC too soon, which does seem to be one of the BIGGER of mistakes that guys seem to later regret - when they become unwilling or unable to ride out some of the volatility waves or maybe even appreciating that there are good chances that going through another BTC cycle may well resolve some issues - even though of course, not even number goes up technology is guaranteed, either.

If we did get to 400k per coin then why would I ever need to convert back to fiat I would say fuck you to fiat as well as having the status of fuck you money

Sometimes we cannot have our cake and eat it too.. so we are likely on similar pages as far as the overall goals are concerned, but still depending on how quickly the BTC price were to go up to $400k could create some concerns about whether $400k is sustainable, and so some guys may well sell some or all of their BTC with a goal of buying back more BTC at a lower price (which may or may not work out for them).. and so part of my own personal concerns about measuring BTC wealth based on top prices causes some concerns about both valuing wealth too much in fiat and also perhaps not adequately accounting for what many of us already appreciate to be near inevitable ongoing BTC price volatility..

So sure if there is a 50% BTC price correction or an 85% correction from $400k or if the BTC price were to go up to $890k before having a severe correction (if at all) are ongoing questions of speculation that I personally believe that up and down volatility remains nearly inevitable for a decent amount of time into bitcoin's relevantly foreseeable future.. at least the next 20 years.. and perhaps even longer and if there are needs to plan specifics of our own personal finances based on what might happen further out than 20 years from now, at this time, might be a wee bit too much futuristic oriented.. because even long term planners probably still are considering what they are in based on shorter term speculations of 5 to 10 years.. and of course the future view would need to be somewhat taken into account in terms of helping to consider present value opportunities, too.

but I do not have enough Bitcoin for that right now not in my life time so I need to accumulate more by setting aside 10k a year to invest in Bitcoin and the rest of my wealth will be used to feed me.

Of course, there is no need for you to disclose your personal bitcoin quantity, and the hypothetical that I gave was for someone who currently were to have 5 BTC would thereby have reached $2 million in value if the BTC price were to reach $400k, but of course, that  would be a spot price value that may well not be sustainable, and yes, Macadonian, you are the one who has to assess your own situation in terms of how many BTC you believe that you need in terms of balancing all of your current expenses and future expectations of life style, and not only do you figure out how to value your BTC in terms of account for it's likely ongoing volatility, but you also may well need to determine how to invest in bitcoin in the event that you have already decided that you are going to have about $10k per year to put in, then you might have some of that $10k for DCA investing, another portion for buying on dips and maybe some other portion for lump sum investing... but if you went with strict DCA and you were able to average it out for the whole year, that would about $192 per week, which surely seems like a sufficiently aggressive approach that should have decent chances of paying off well.

Of course, some folks do have a variety of inconsistencies in their cashflow, so if you realize that you have those kinds of inconsistencies in your cashflow, you may well want to structure your ongoing investment into BTC in ways that you feel are more compatible with your own expected cashflow.  

Another thing that can screw up some people is to become overly-aggressive in their BTC investment, then they fail/refuse to adequately keep a kind of floating balance of fiat funds (or even emergency funds or other liquid funds), so most of us should strive to attempt to prevent getting our lil selfies into any kind of a pickle and to end up having to cash out any of our BTC that is a time that is NOT of your own choosing.  

What I tend to do is to project my cashflow for two years in advance, but even that can bring complications if there is not various kinds of extra cash in there.. for just in case kinds of things that can come up.. and yeah if you get more expenses, sometimes a lot of bills might come due at the same time, but if there is some kind of emergency, do you have the money that you can draw from other liquid places before drawing from your BTC.. and do you have enough?  Living well within your means, or are you spending up to your limits on a regular basis.. (not necessarily referring to you, Macadonian) .. that would include your decision to buy a new car or to keep your 5-10 year old car or to buy a 3-year old car instead of a brand new one (because the greatest amount of depreciation has already taken place) until maybe your cash cushion and consumption cushion is greater and you get closer to fuck you status you might be allowed to splurge.. and if you are in the business of actually making money off of the impressions that you make, it could be that it is better for you to buy the newer model car, perhaps? perhaps?

[psycodad]

https://cointelegraph.com/news/breaking-bsv-reportedly-suffers-massive-51-attack

#schadenfreude

[ChartBuddy]

Explanation

[JayJuanGee]

LoL watching suicide squad

Awesome good  

Sometimes there could be a BIG ass spike down that many people believe that the draconian legislation in the USA  is actually going to keep bad boy bitcoin down.. including how the silk road bust was considered to be the beginning of the end of bitcoin.. so our new beginning of the end to bitcoin has to be something more convincing at least while the crash comes that causes the wreckening of the overly enthusiastic shorting twats...

Of course none of us know for sure if there will be:


down before up, or

up, or

up before up, or

up before down, or

down, or

down before down, or

sideways......


anyone?  anyone?

[Toxic2040]

[proudhon]

Do you think we’ll see another new ATH in 2021?

No, of course not.

Yes or No?

No. The answer is "no".

I’m just keen to see the sentiment amongst fellow HODLERS.

Oh

[Copetech]

LoL watching suicide squad

Awesome good 

Sometimes there could be a BIG ass spike down that many people believe that the draconian legislation is he actually going to keep bad boy down.. including how the silk road bust was considered to be the end of bitcoin.. so our new end to bitcoin has to be something more convincing at least while the crash comes that causes the wreckening of the overly enthusiastic shorting twats...

Of course none of us know for sure if there will be:


down before up, or

up, or

up before up, or

up before down, or

down, or

down before down, or

sideways......


anyone?  anyone?

🙋‍♂️
Ooo, oh I know, I know!

The answer is...

"ALL OF THE ABOVE"

of various degrees of course

[JayJuanGee]

LoL watching suicide squad

Awesome good 

Sometimes there could be a BIG ass spike down that many people believe that the draconian legislation is he actually going to keep bad boy down.. including how the silk road bust was considered to be the end of bitcoin.. so our new end to bitcoin has to be something more convincing at least while the crash comes that causes the wreckening of the overly enthusiastic shorting twats...

Of course none of us know for sure if there will be:


down before up, or

up, or

up before up, or

up before down, or

down, or

down before down, or

sideways......


anyone?  anyone?

🙋‍♂️
Ooo, oh I know, I know!

The answer is...

"ALL OF THE ABOVE"

of various degrees of course

Bad student.

Go to the principal's office!!!!!!!

 

[Copetech]

Bad student.

Go to the principal's office!!!!!!!

 

Can't... it's 2021 Sir. Noone in Office HAS Principles anymore.

🤷‍♂️

[ChartBuddy]

Explanation

[marcus_of_augustus]

They taped a toonie to my letter.  It was pretty heavy on one side so I was really curious what the heck was in this letter.  I kept the money and shredded the rest... I don't even listen to local radio.

HAH, I wouldn't fill out a form for a Toonie either!!

had to google what it was

 At first, I was on the fence as to whether it was worth opening the envelope for $2 but then I found out it was toonie Tuesday at KFC and it was also National Fried Chicken Day (not an actual stat holiday if anyone was wondering) so it was like the planets had aligned to get me a tasty chicken sandwich just for opening the envelope.

... it's a slippery slope, it begins with a toonie for a KFC chicken sandwich ... before you know it you're taking beers and joints to get experimentally vaccinated to protect from a chinese virus of dubious origins and then who knows what quid pro quo from the corpocracy ... getting CDBC stimmy bonus checks in your digital wallet in return for your lifetimes spending data?

... they've upped the ante, toonie for KFC chicken sammich and now cool $1000 "mini-stimmie" to get the BigPharma jab

https://www.zerohedge.com/medical/vanguard-offers-1000-vaccine-holdouts-get-jabbed

(just wondering how many BigPharma corps have labs in deepest, darkest china that mess around with novel viruses they create vaccines for?  )