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

[JillianTaft]

As crazy as it sounds, most people will end up buying bitcoin over 100k.

Wait and see.

[ivomm]

Bitcoin dipping recently took a toll on my mental health. I thought with all the negative news about it might finally be hard to recover but how wrong was I. I am a idiot for doubting my investment and I will make it a part of my daily routine to come here on this topic as I know you guys are always more optimistic than the rest of the internet and I need that in my life!

[JayJuanGee]

Don't you just love those vertical green dildos...

Feels like the Alien scene with the eggs hatching.

Edit: Only this time they are a bit hesitant... Those little fucks. They will come out soon enough though...

Probably a good thing to cool down a bit before the next round of womb tearing green dildos.

$41,000 - $45,000 would be good for a week or so.

Please 'splain ur lil selfie.

Why slow down?

Can someone please slap you back into wanting to get too rich too fast?  Please?

Remember we had already been in the $50ks to $60ks for about three months, so I see know no reason why we need to take our time in getting back into that price arena... especially in a bull market.

On the other hand, I do appreciate that sometimes there can be some advantages in moving UPpity slowly in terms of both potentially recking more beartwats who continue to place shorts while we are going UPpity and there are likely some advantages in purging a few more shitcoins and non convicted snot-nosed BTC folks out of their BTC.

I suppose either way of the price moving can have its advantages - including if the BTC price goes shooting up, there could be some benefits in recking a few more of the twats who have failed and refused to prepare for UP.. it is not like they have not already had well over 2.5 months to pee pare their lil selfies for UPpity.

Of course, we still have not quite gotten above $46k.. so you are not going to get me counting my chickens (from the eggs) too soon... I have been thinking, a bit bout the contents of my supra $46k post, but we have not gotten there yet.. so I am just biting my tongue and refusing to allow my fingers to attempt to do any premature keyboard walking  - even though it's starting to feel, closer and closer and closer.. so why wait longer?  Unless that's what dee king of dee daddies would like to do?  

Quote this if you bought at 28k and knew that was the last time BTC was on sale.  

Well I was able to get 30... I can't remember exactly where i got a little nip, but i do not think I hit 28.  I would have to go look.  Funny I don't remember... I *DID* indeed buy, but I don;t think I nailed the bottom. S'okay though...  close enough!

The lowest that I bought was mid $29ks, and none of my mid-$28k orders actually filled.. but of course, I feel that I was cheating a wee bit, too, because I am pretty sure that my buy orders started around $55k.. so yeah, quite a few filled for around every $1k between $55k and $29k.. and of course there were some sells in there, too.

Another thing about adding to stash or subtracting from stash - I am not even sure if I actually added to stash overall, because of project(s) that I am still preparing for - and that preparation has largely been going on for a few months now.. and not exactly at the most opportune of times.. it would have been better to have been preparing for such projects on the way UPpity, rather than during a BTC price correction.. but when a guy is in a range of a decent amount of value in BTC and between at least 30x and 65x profits, its NOT like severe suffering is going on whether some BTC might have been shaven off in the lower end of that profit range or the higher end of that profit range.. there has been merely a kind of dancing around attempting to just move funds around rather than really shaving anything extra off, anyhow, even though the tax man is going to end up getting a cut - so the bottom line does end up going in, largely, as a shaving off..

[ChartBuddy]

Explanation

[JayJuanGee]

Bitcoin dipping recently took a toll on my mental health. I thought with all the negative news about it might finally be hard to recover but how wrong was I. I am a idiot for doubting my investment and I will make it a part of my daily routine to come here on this topic as I know you guys are always more optimistic than the rest of the internet and I need that in my life!

In the end, you gotta figure out your own situation beatleap, and if you have already arrived at the conclusion that bitcoin is a good investment for the long term, such as 4-10 years or longer, then don't overdo your investment, but invest regularly and consistently.,. and sure, hopefully you are not getting distracted by shitcoins either.. I did take a quick glance at  your post history... so it does look like you may have gotten distracted from time to time.. but hey.. live and learn, I hope.

Anyhow, make sure you attempt to get your cashflow in order and then just start to invest a reasonable amount on a regular basis that works for you and verify that you will not be over-extending yourself, and you are not going to feel any compelling need to dip into your bitcoin investment because you got the rest of your cashflow (and emergency funds) together, so if you end up investing $10 per week or $1,000 per week will depend on your cashflow and other aspects of your personal situation and how much extra money that you have that you are not going to miss if bitcoin were to go to zero, for example.. which seems doubtful, but still is an aspect that you have to prepare for in terms of both psychology and finances in order that you do not panic were the BTC price to go down and you therefore have some reasonable plans, if such a thing were to occur.

No one can really figure out the exact amounts of regular and ongoing amounts for you, even though we might be able to help you to figure out for yourself some ballpark ideas of what might work for you and your circumstances, and maybe you can describe what you have been doing, so far in terms of your bitcoin investment strategy in the past 7 years or so?

When I looked at your profile, I noticed that you have been registered almost as long as me, so just consider that if you had merely invested $10 per week into bitcoin for the past 7 years, you would be in a fairly decent position right now in terms of about a $3,660 investment amount and with about 4 BTC accumulated from your ongoing investment of a small amount on a regular basis. 

Of course, you cannot be overly kicking yourself if you had screwed up in the past and you had not been able to accumulate a sufficient amount of BTC to make you feel like you have advantaged from bitcoin's price appreciation through the past cycle or two, yet dollar cost averaging does seem to be amongst the best of base BTC accumulation strategies, and of course, you can supplement such BTC accumulation strategy with front loading, lump sum investing and buying on dips, but sometimes supplementing can get you into trouble too, if you were to end up NOT figuring out your finances and personal situation sufficiently and then overextending yourself, your psychology or your budget then as a result and you may end up with cashflow issues/problems and even psychological problems in the future that could have been better prepared for.

[ivomm]

@glassnode

Despite a strong rally to $45k, the #Bitcoin market still has not seen a significant increase in old coins (> 1y) being spent. This is very different to the 2018 bear market where old hands took exit liquidity on most relief rallies.



https://twitter.com/glassnode/status/1424606943646154756

[marcus_of_augustus]

... back at 44,444

[philipma1957]

@glassnode

Despite a strong rally to $45k, the #Bitcoin market still has not seen a significant increase in old coins (> 1y) being spent. This is very different to the 2018 bear market where old hands took exit liquidity on most relief rallies.



https://twitter.com/glassnode/status/1424606943646154756

This is not a bear market for miners It is as bull as it was in April 2021 when coins were 63K

63k 23.5 diff April 15 2021

43k 14.5 diff Aug 9 2021

= close  the same profits for a BTC miner

 and it is why newer coins move as miners are taking record profits right now.

[El duderino_]

... back at 44,444

When 77,777 ….

[El duderino_]

Bitcoin dipping recently took a toll on my mental health. I thought with all the negative news about it might finally be hard to recover but how wrong was I. I am a idiot for doubting my investment and I will make it a part of my daily routine to come here on this topic as I know you guys are always more optimistic than the rest of the internet and I need that in my life!

Embrace the WO in your life….

It’s a good place for new as hardened bitcoiners … take some things with a grain of salt but mostly we are people with bitcoin as a main “thing” in our lives …

Though don’t let it get to your health enjoy life at the same time.

[modrobert]

Bitcoin dipping recently took a toll on my mental health. I thought with all the negative news about it might finally be hard to recover but how wrong was I. I am a idiot for doubting my investment and I will make it a part of my daily routine to come here on this topic as I know you guys are always more optimistic than the rest of the internet and I need that in my life!

I feel the same, mainstream news are terrible all over, and it will probably get worse before it gets better. Don't beat yourself up about mistakes, we have all done them. The people in this thread have widely varying backgrounds and opinions, but most of us (with a few exceptions) want Bitcoin to succeed in one way or another.

BTW: Lately I've had this urge to ditch my smartphone completely, who wears an "ankle tracker" willingly when all you get on it is propaganda and useless notifications in return?

[ChartBuddy]

Explanation

[Luke Briggs]

Go up step by step

[JayJuanGee]

@glassnode

Despite a strong rally to $45k, the #Bitcoin market still has not seen a significant increase in old coins (> 1y) being spent. This is very different to the 2018 bear market where old hands took exit liquidity on most relief rallies.



https://twitter.com/glassnode/status/1424606943646154756

This is not a bear market for miners It is as bull as it was in April 2021 when coins were 63K

63k 23.5 diff April 15 2021

43k 14.5 diff Aug 9 2021

= close  the same profits for a BTC miner

 and it is why newer coins move as miners are taking record profits right now.

Your phraseology of being in a "bull market" ("not a bear market") seems quite weird philip.  Seems to me that we are getting quite a bit of confirmation that we have never left the bull market..

And, surely whether miners are profitable or not would not even be close to helping to define whether we are in a bull market or a bear market...

You are largely confusing terms, confusing others and perhaps even confusing yourself (if that is possible?) when you throw around such terms in seemingly random kinds of ways when you seem to be talking about something else, which is that miners are currently in profits... and even though I am not going to say "so fucking what" about that, hopefully, some of us might well be able to appreciate, that king daddy gives few if any fucks whether you miners are profitable or not..

Of course, each of you can make individual decisions regarding whether you are going to try to invest more into miners or tweak your mining systems based on the extent to which they are profitable, and presumably those decisions will end up increasing the hash power and the difficulty levels, but we also know that both hashpower and difficulty levels had already dropped quite a bit, so increases in either hashpower and difficulty levels are likely to take several epochs (or whatever they are called) to get back to where we were in May-ish.

BTC price is seeming inclined to go up whether or not the hashpower is juggled around and whether or not you, phillip are profitable on a personal level.. but sure we likely can see that the cards are already stacked in favor of current bitcoin miners, so no problem with that... even though those dynamics are likely indirectly rather than directly affected by price regardless of the seeming symbiotic back and forth of that part of bitcoin.

By the way, as I type this post, it is seeming that $46k might be tested again within the coming hours, if not sooner.. so interesting to watch some short-term Uppity (green) candles ..even in the 90 minutes we got a bounce from mid $43s to be crossing into the lower $45ks.. so cannot be complaining about those cookies.

perhaps there is a need for rockets and trains .. perhaps? perhaps?  guys running after train?  I am sure that there are some of those too, even though in recent times, we have not seen too many of the dumber of the trolls/shills in these here parts (we are kind of lucky like that)... ..

BillyCoiner (nocoiner in reality) kind of disappeared in the past weeks, but twats like that usually do not hang around very long when their level of dumb becomes so damned apparent and their hopium for DOWN gets lost in a kind of "that was before our 50% price rise that we were worried about those earlier theoretical numbers (that did not happen, and ended up being realized as FUD spreading outbursts)."  

[AlcoHoDL]

Brace yourselves! Incoming... 

LFC_Bitcoin, I like the way you're anticipating the $100k moment. I am too, as are many all WOers.

I'm dying to see what you're going to be posting when we reach it! LOL! #nohomo

[bitcoinPsycho]

$46K in one hour 

[LFC_Bitcoin]

Brace yourselves! Incoming... 

LFC_Bitcoin, I like the way you're anticipating the $100k moment. I am too, as are many all WOers.

I'm dying to see what you're going to be posting when we reach it! LOL! #nohomo

It’s going to be epic.

That China, Musk FUD stage was pretty worrying tbh. We now seem to have a clear road to ATH’s. I have a feeling the WO will be a fun place to be throughout the rest of 2021

[realsteelboy]

Is the bill/amendment news a dead duck now then? Do we just not care? 

[The Wasp]

Is the bill/amendment news a dead duck now then? Do we just not care? 

Simply put, we just don't care.

[serveria.com]

Is the bill/amendment news a dead duck now then? Do we just not care? 

We don't give a fuck!