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

[proudhon]

Yeah, I've been here for a while and that's kind of what I think. It's been a very long, slow death, but it probably did die 10 or so years ago. My guess is it was the MtGox flashcrash that ultimately killed bitcoin. Just really no way to trust this "currency" after that. I think in a years time we'll be able to see that 2011 to 2021 was nothing more than one giant dead cat bounce.

I think you actually hold quite a few Bitcoins and here you represent a character for fun.

I know there are some very stupid people in the world but I refuse to believe you are that stupid, that's why I think you are acting.

It's not uncommon to see Bitcoin haters saying Bitcoin is going down/going to 0 etc but when the price goes up they disappear. They don't come here to be laughed at. Maybe even, the next time the Bitcoin goes down a bit, they will create a new account to say the same again but without being recognized.  I'm mainly talking about other internet sites, as you don't usually see many Bitcoin haters here.

So yeah, it's funny. Can't wait for your next "Scientific fact, Bitcoin will not be able to hold above $100k, $200k etc."

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[ChartBuddy]

Explanation

[Diced90]

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!

Just remember this gif exists for a reason

It's the begining of a  new rollecoaster ride for BTC (and only HODLers will survive it)

[cAPSLOCK]

So do you guys think bitcoin will fully collapse within a year, or it'll be 5+ years for this death to play out completely?

It's already dead. Died 10 years ago in the good old days. In the process of drawing its final breath.

It was secretly replaced in one night in 2011 with a coin that uses exactly the same code, algorithms and blockchain.

There you go with your big-blocker nonsense again! 

[ChartBuddy]

Explanation

[Toxic2040]

stronghands

[vapourminer]

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?

my original reason for having the phone 24/7 was for calls from my wife. period. of course then smart phones come along and now theyre full out computers so its too easy to whip it out at any downtime to "catch up" on the news/social media/whatever ... as if you could ever keep up with all the garbage on the net anyway.

my solution:

i bring my Nook with me everywhere now. couple thousand books at my fingertips and no reason to go to the net for "info" or entertainment.

https://www.gutenberg.org/

start there if youre new to e-readers, everything there is free and can be read on a Nook. or any computer for that matter.

and stay away from kindles... amazon trash

[cAPSLOCK]

Short the shit out of this false breakout dudes like a boss! Dont be sheep, sell like a man.

Disclosure: Sold BTC772 at $153.

That simple post stopped me in my tracks this morning. I had to spend a few minutes pondering over it. It's the same way those selling at >$40,000 will also look in a few years from now.

Do a mental take on it to get the impact of that reality in today's value.

As far as we know you are quoting a dead man.  He held a lot of bitcoin while he was alive, and probably lost more than many in this thread could imagine.  But he was mentally unstable, had a bit of an unhealthy relationship with substances, and ended up leaving behind a wife and kid.  He bought a haunted house in Estonia for a million USD and it burned down a while back.  Possible his "death" was a hoax.  Yeah, with him that's very possible.  But I don't think so...

Possibly the biggest lesson to learn from Risto is all the money in the world is truly worth nothing in the end.  The things we think it gains us?  They cannot be purchased.  Happiness cannot come from wealth.  Risto spent a lot of time trying to buy himself the admiration of others.  he surrounded himself with people who would worship him.  And in the end he lost everything, and in a spectacular and tragic way. 

Popescu is another that fits a lot of these sorts of things, though I think he worshiped himself enough not to need many others...

There are some folks in this thread with plenty of money who live miserable lives, and some who have only a little, but have happiness.

And there are a few who have both wealth, AND happiness... but have you ever noticed how that seems to be the smallest group?  Interesting.  And worth thinking about considering where we are going.  Many of you who have a "little, and happiness" are not going to stay in that group for much longer.  Make sure you hang on to what matters and live life along the way.  No moment can ever be reclaimed.

[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!

Were not "optimistic" were simply right.

That's true.

There's a difference, so sometimes there are folks, such as no coiners who are looking at the BTC price movements with marvel, and gosh maybe some of them don't realize that they are going to be buying BTC in the supra $100k, maybe even the supra $1million before they decide to get in.

Not even saying that in the future that BTC is going to become any kind of worse investment, it is just that some of the considerable upside that we have experiences and will likely continue to experience will become less and less, but bitcoin will still probably remain amongst the best of long term investments, even though in the short term money can likely be made on some other investments as well... but which ones and when to get in and out will remain challenges to figure out.

The punchline will continue to be bitcoin as the more solid long term investment and sure more and more normies would be coming in... whether at supra $100k, supra $500k, supra $1million or some other price that ends up being the then going rate by the time they realized that they should hold some BTC in case it catches on  or that it already had caught on.

Sometimes I cannot really help myself to getting some zingers in with the relatives, and I had to remind a a nephew I told about bitcoin in early 2016, and this particular nephew has pretty decent cashflow, so I did kind of outline the lump sum theory of buying $12k worth of BTC in early 2016, which maybe we could comfortably assert that getting 30BTC would not have been difficult to achieve during that period that BTC prices were stuck in the $370 to $430 for around 6 months, so getting 30 BTC should not have been too difficult or even unmanageable for someone who was in something like his financial position.. and he could have even forgotten about his wee bit investment that we now see would be floating around at $1.4 million.. and surely, nothing to sneeze at, even if in theory he would not have really needed such extra surplus value, but no one should be complaining about any place they put their money and get over 100x returns in a matter of 5.5 years.. and surely these kinds of returns had been traditionally reserved for the rich, famous and/or well connected, and now any normie could have gotten these kinds of returns.. and surely it will pay off for some normies (percentage of wealth wise) more for some than for others, relatively speaking.

[Mpamaegbu]

As far as we know you are quoting a dead man.  He held a lot of bitcoin while he was alive, and probably lost more than many in this thread could imagine. 

What an insight you shared there. I just checked the user's profile. They were last active in March. That means their demise happened recently. What a loss.

[bitebits]

Another antivaxxer gets it: https://www.theguardian.com/us-news/2021/aug/08/rightwing-radio-host-dick-farrel-anti-vaxxer-dies-covid

He was in the "at risk" category (>60 and obese).

And likely wasn't properly treated with any of the available and proven drugs either.

Not sure if he was generally "antivax", but being against an experimental treatment with zero longitudinal studies, question marks and multiple safe and effective treatments available is anything but tinfoil.

The contrary position, e.g. believing for-profit corporations that have been convicted of fraud numerous times, however most certainly is.

It is like using a close sourced software/hardware wallet.

[JayJuanGee]

The problem with lottery winners is that they are bad with money in general. That's why they play the fucking lottery in the first place. An argument could be made that state-sponsored lotteries are a way to keep the poor poor.

Poor mans tax lotteries are.

You are speaking in riddles Quickfant, unless you are able to differentiate between state-sponsored lotteries and some kinds of lottery that would not be a poor man's lottery.

If you are referring to bitcoin, bitcoin is not a lottery, and we tend to NOT talk about shitcoins in these here parts, unless we are pointing out something negative, and sure there are quite a few of the various shitcoins that would fairly be considered as kinds of lotteries  - but that's not even clear about what is your reference from your post in terms of what would be a lottery that is "not a poor man's lottery" - if it matters to anything in which we are discussing in this here thread....

By the way, many of us likely do appreciate that even if the odds are against folks in winning the lottery or otherwise scoring BIGGEDly based on their life circumstances are not very high, lotteries can provide a glimmer of hope for folks who seem to have engaged in a decent amount of ill-preparations in order to potentially become richie.. and I am not even blaming normies necessarily in terms of having had invested poorly or for their investments to have NOT really facilitated their getting ahead in life in any kind of substantive and material way.. so in that regard, there may well be a decent amount of luck, as well, for any normie to be able to identify a variety of investment options that might increase their odds of getting ahead in life, even if they might not have a lot of cashflow in order to allocate some of their investments into potentiality.. so for sure, bitcoin ends up fitting in a category that regular normies have decent shots of actually getting ahead in substantively and meaningful ways without necessarily putting a lot of capital at risk (I mean presuming that they do not have a lot of capital to work with from the start).  

Gotta go now, have to pick up some spare parts for my old Volvo, time for a overhaul, winter is coming.

Time to get a new one and keep the old for summer useage

I am sure when Bitcoin hits 100k they will have a new car

$100k is barely double from here...

I suppose we should be able to presume that Arriemoller is already in profits in terms of his bitcoin investment, so another double from here may well put him in a decent financial position, but surely just doubling your investment is not necessarily going to put anyone into a decent financial position in and by itself.

Actually, there may be a decent number of medium to longer term WO regulars about whom we may reasonably presume to BTC average purchase prices of less than $10k, so sure some of us guys/gals are going to have larger number of coins stacked aside as compared with others, and surely some of us might be enterring into some kinds of reasonable BTC spending stages as the BTC price approaches $100k and presumably exceeds $100k during this cycle - and surely we cannot even presume that BTC prices are going to get above $100k this particular cycle, but we likely still should be able to establish various kinds of personally tailored plans that might allow us to shave some BTC off of our stashes at various points in the $100k arena and save some additional shavenings for higher price points, whether those higher price points come this particular cycle or down the road in another cycle.

Another aspect, Quickfant, is that continuously we have newbies who are enterring the BTC investment space, and surely some of them may have been around for 2-6 years (just like you appear to have been around for more than 5 years), and so surely we might suspect that there are a decent number of these newbies who remain somewhat lost puppies in terms of actually planning and employing some kinds of regularly reasonable ongoing BTC accumulation strategies, and some of these variations of newbies may have been more active in their taking actions, and surely some of them may have either started to employ an active strategy later or even may just be barely beginning in employing some reasonable, prudent, individually tailored BTC accumulation strategies, so in that regard, we may well have some members who have been around these parts for a while, but are still in the earlier times of their establishing a decently sized BTC investment strategy in which they might be comfortable shaving off some profits in the $100k territory or maybe they have to wait for a cycle or two more before they feel comfortable, so in that regard if their fuck you status might be to establish $2 million in bitcoin value, they may well feel uncomfortable shaving off any BTC even if BTC prices reach $100k and they might only have BTC in the single digits or barely into the double digits of quantity, which might cause them to feel more comfortable, but not really to the stage of feeling comfortable enough to shave off any significant amounts of BTC from their holdings.

Of course, by the time any of us starts approaching $1 million to $2 million in BTC value, I would hope that there would be some diversification in the holdings, and for sure, I am not referring to diversifying into shitcoins - even though some guys do have foggy thinking about how to reasonably and practically attempt to employ some levels of meaningful diversification to help to protect overall investment portfolio value - to the extent that s/he wants to attempt to lessen some of the greater amounts of portfolio value that would come in the event that lesser amounts of diversification is employed.

[El duderino_]

[UnDerDoG81]

If Bitcoin hits 100k you can buy a nice 2nd hand sports car for half a Bitcoin. Wow! My heart is on the Porsche Cayman GT4 (wich would cost more than 1 Bitcoin at 100k). But its no all day car. The 2021 Mercedes AMG 45S looks sexy as well, even though I dont like the back so much. But you can go anywhere with it. And the interior of the Mercedes is freaking awesome. Its around 60-70k €. The AMG is more a fun car while the Porsche could be a pussy magnet. If Bitcoin reaches 200k you could afford both for 1 Bitcoin.

I wonder what your car plans are if 6 digits? Oh I am not stupid. That would be a fraction of my crypto I would spent on a car. Would keep the rest invested.

Probably just a Toyota Supra or a new MX5 roadster regardless of how high BTC goes.

I really like the look of the new MX5. Definitely a nice car.

[ChartBuddy]

Explanation

[JayJuanGee]

Organizing a party at $50k for my freinds but what time should i give them? Maybe tomorrow is fine with it

Give the party at $50k once the BTC price reaches $60k - that way your odds of staying above $50k should be better, but then you may have to wait a while before you are able to schedule such a $50k party..

Look at me, ruinin dee moo.......ruinin dee moo...      

By the way, similar to some other WO regulars, I am still thinking that the resistance between $46k and $53k should not be very strong, but even with those kinds of suspicions, none of us can really have a lot of confidence of getting to $50k or even to $53k in a quickie manner and without some kind of surprise reversal or stoppage of the UPpity momentum, even though the UPpity momentum seems to be doing quite well in terms of both continuing and also likely ongoingly recking beartwats, no coiners, bitcoin naysayers, shitcoin pumpeners, and bitcoin fence sitters along the way.

 Nice to see some upward movement!

An update @xhomerx?

Hm?  

For some reason I missed that one, or I could not remember seeing it previously.

This "peep" cannot be everywhere at all times, even if some udder peeps retain/maintain such suspicions about this here peep.

Hahahahahaha

I like it.

"Are we there yet?"

"Are we there yet?"

"Shut up, you fucking kids!!
We have a long way to go, yet."

 



 

[cAPSLOCK]

As far as we know you are quoting a dead man.  He held a lot of bitcoin while he was alive, and probably lost more than many in this thread could imagine.

What an insight you shared there. I just checked the user's profile. They were last active in March. That means their demise happened recently. What a loss.

The rumor is it was a car wreck.  Truly sad.  He made lots of enemies here because he was also a thief/scammer.  He started a crypto "game" that I think used monero, but then had it's own google sheets based "currency", and he basically exit scammed, supposedly went to jail (not sure if related) and most likely lost most of it...

I had several long private conversations with him.  he was a tortured soul.  At least some of the time.

I never knew, however, that he was a violin appraiser.  Lol.

[JayJuanGee]

The Bitcoin price will go up another 25% every time the Fed decides to print another $1T.

You heard it here first.  

That seems like too bold of a claim because your units are not matching, Torque.

Every $1 trillion of new money printed is hardly even adding up to diddly squat, relatively speaking.


Sure, $1 trillion was a lot of money in 2019 and before that, but these days, it is hardly enough to even count for anything.. even though I am NOT going to disagree that if they keep printing trillions and trillions, it is going to start to add up to being a lot of money.

 

Pretty soon you will be tipping waitresses with $trillion bills.  Go figure.

Oh I am not stupid. That would be a fraction of my crypto I would spent on a car. Would keep the rest invested.

Oh my god.

You hold "crypto"?  Holy shit.

Poor fella.

So do you guys think bitcoin will fully collapse within a year, or it'll be 5+ years for this death to play out completely?

I thing the 5 year scenario seems more sensible.  But I also think there is a significant chance we see the mother of all "dumps" (could be a series of amazingly large "dumps") sometime in a year.  I think it is likely to do the thing that surprises the most people...

What do you think, sir?  You have been a consummate predictor so far.

I had to look up "consummate," and for some strange reason, it does not seem to be the right word choice to describe proudhon's past predicting practices.

I am backlogged here... But I gotta say I think it is EXTREMELY BULLISH that the entire US including several infoluential is talking about "crypto" and how this bill is no good for it while bitcoin sails through resistance after resistance whilst just taking a quick breath to fill the options gap, and we here are deeply mired in COVID talk.

Funny how people are still Medium blogging why people should not invest in crypto in <insert year here>

I agree.

Don't be investing in "crypto"  that would surely be a stupid thing to do.

stronghands

That's disgusting, toxicmoxic!!!!

 

[philipma1957]

Organizing a party at $50k for my freinds but what time should i give them? Maybe tomorrow is fine with it

Give the party at $50k once the BTC price reaches $60k - that way your odds of staying above $50k should be better, but then you may have to wait a while before you are able to schedule such a $50k party..

Look at me, ruinin dee moo.......ruinin dee moo...      

By the way, similar to some other WO regulars, I am still thinking that the resistance between $46k and $53k should not be very strong, but even with those kinds of suspicions, none of us can really have a lot of confidence of getting to $50k or even to $53k in a quickie manner and without some kind of surprise reversal or stoppage of the UPpity momentum, even though the UPpity momentum seems to be doing quite well in terms of both continuing and also likely ongoingly recking beartwats, no coiners, bitcoin naysayers, shitcoin pumpeners, and bitcoin fence sitters along the way.

 Nice to see some upward movement!

An update @xhomerx?

Hm?  

For some reason I missed that one, or I could not remember seeing it previously.

This "peep" cannot be everywhere at all times, even if some udder peeps retain/maintain such suspicions about this here peep.

Hahahahahaha

I like it.

"Are we there yet?"

"Are we there yet?"

"Shut up, you fucking kids!!
We have a long way to go, yet."

 



 

I see tons of resistance as we battle back to 63k and finally to my promised 70k (promised for May 1 2021) better late then never.