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

[El duderino_]

My future died that day in court when I was sentenced to life without parole. When I got back to the federal detention center, I did not go straight to my cell block as usual.

https://twitter.com/realrossu/status/1430553302144626690?s=21

 

[1714079666]

1714079666

[explorer]

Bats are a little harder ... you'd best just buy it from a farmer who lives near a cave. Millions of bats will drop their stuff on the cave floor.

I dont know, sound like a great way to catch a novel coronovirus...

Best make sure Faucci hasn't been in said cave...

[cAPSLOCK]

48k in two hours.

51k this weekend.

Not aging as planned 

I think you have time.  And this pullback seems very healthy to me anyway...  nice reasonable advances.

The only thing I am wiggly over is the volume.  We are not seeing much of that.  But I still believe the reason volume is hidden as it is happening at OTC desks.  But this is a guess with no solid proof.  That said, there must be metrics somewhere.  The big exchanges know.  I imagine the Kraken OTC desk is humming like a jet engine.  The only volume this ends up driving on the retail exchanges is the small fries doing small fry things...  The big money is most definitely doing business over the counter.

I feel like absence of volume in some of these price moves has been super telling, but in a non-usual way.

[JayJuanGee]

For example,
entry-level BTC accumulation goals through the years may be considered like this:

Prior to 2013: 100 BTC

2013-2016:  21 BTC

2017-2019: 10 BTC

2020:  1-5 BTC

2021:  0.21BTC to 1 BTC

This is so accurate that I now officially  feel poor.

Well?

I feel like making an attempt at fleshing some of these ideas out a bit more.

I would suggest that you (fillippone) first attempt to get your 0.21BTC accumulated, and work your way up.  

I already disclosed that at one time in recent history I had achieved 3x that level (whether I can hang onto them is another story), so we can continue to work our way up in terms of our level of stash and we can only do what we can do.

I would think that with the passage of time, our earlier abilities to reach levels of BTC accumulation will become more and more out of reach of normies... just think about those pre-2017 guys/gals who actually reached the then entry-level BTC accumulation goals, which were surely reachable for a vast majority of normies, even if NOT necessarily easy for some normies to accomplish the reaching of those goals with ease.. but yes the same goals of BTC accumulation levels of earlier times seem so damned difficult for normie normies to reach now.  

Just consider that so much of the time in the 2015 time-frame that BTC prices were in the mid-$200s and that was for the vast majority of 2015, so there should have been reasonable, prudent and persistent ways that normies could have reached the 21 BTC goals with less than $10k of dollar value, and perhaps reaching such levels of 21 BTC or more for as low as $6,300 would have been reasonably achievable for quite a few normies.

Are those supra 21 BTC peeps 1337 status now?  Maybe not exactly 1337 status, but they have levels of BTC that would be really damned hard for a lot of normies and newbies into bitcoin to achieve.  Let's just take the earlier 21 BTC goal that might have been achieved by some of the pre-2017 peeps.  The spot price of those 21 BTC is very close to $1 million with BTC prices currently hovering around $47k, so maybe we might consider that a decent number of normies might be able to set aside $5k to $50k per year to invest into bitcoin, but if BTC spot price does not come down in any kind of significant way, then they are going to have trouble getting up to 21 BTC.  So wouldn't their already having 21 BTC make them a kind of 1337, and sure there could be questions about if they are overallocated into BTC, too.. but for sure, there could have been ways to diversify some of the allocation over the last 4 years, too.. (and I am not talking about shitcoins, you fucks - not referring to you fillippone).  

So even if some kind of then bitcoin newbie were to have gotten to 21 BTC status prior to 2017, then the subsequent 4 years could have been a wee bit of a challenge to hang onto such 21 BTC or to retain the BTC at that level by perhaps having had accumulated more than 21 BTC in order to attempt to project out that s/he would have BTC management systems in place to be able to maintain a certain level of BTC - whether that be 21 BTC or some other number.. so there are probably a decent number of us who strive to maintain some calculations of the number of BTC that we want to attempt to retain even if the BTC price is going up.. and then considerations regarding how to maintain our stash above a certain level whether that be 21 BTC or some other level that fits for our personal circumstances.

One thing is being a bitcoin millionaire (in terms of spot price dollar value), and surely one of the dangers of attempting to measure from spot price or to figure out how to account for the UPs and downs in the event that maybe the BTC HODLer might not have any investments beyond bitcoin, then perhaps their wealth level is way too much precarious considering that bitcoin is not only volatile but near inevitably volatile.  In that sense, I have some preferences to measure either the 208-week moving average (currently approaching $15k) if we are in a bear market or the 104-week moving average (currently at $22k)  if we are in a bull market.... so in that regard, maybe the person with 21BTC might consider himself/herself to ONLY have $315k of BTC value or $462k of BTC value depending on if the consideration is that we are in a bear market or a bull market.  

Yes, a decent number of us do get distracted and even tempted by BTC spot price, and for sure, I am not going to deny spot price as being a real consideration that might need to be accounted for, so for example, if we know that we have to cash out some BTC in the coming year to 4 years, we might just want to make sure that we are able to be able to get through the whole period of time in case the BTC price does end up turning against us, and sure we may well end up with a lot of regrets if we measure by spot price and then we shave off a decent portion of our BTC (let's say we shave down from 21 BTC to 15 BTC), and therefore we get $329k at $47k from those 5 BTC that we decided to sell at today's spot price, but then the BTC price does not ever come back down to these $47k price levels ever again.. so we cannot really know if shaving off too much of our BTC stash might cause us to have to lower our BTC accumulation / maintenance level aspirations.. because we might not be able to get to our previously accumulated / maintenance level of 21 BTC ever again.

Maybe one more scenario that I should attempt to outline in this context, is the guy/gal who has already achieved a traditional investment portfolio of $1 million? Yes, the amount achieve in the investment portfolio could be some smaller amount, but I am using $1 million just to attempt to juxtapose the hypothetical bitcoiner that got into bitcoin prior to 2017, and achieved and has been able to maintain 21 BTC throughout this whole time, to the person who has $1million in traditional assets in terms of getting to 1337 status or being at 1337 status... Even though there could be ways of proclaiming that the 21 BTC bitcoiner is in much more of a precarious position with his/her 21 BTC, I would still suggest that there do seem to be some advantages in having the 21 BTC versus not having the 21 BTC, and having a $1 million in traditional investment assets (as a no coiner), for example.

If a no coiner guy/gal comes to bitcoin with $1 million in various investment assets, it is NOT very likely that such a guy/gal is going to unwind all of those positions and go 100% into bitcoin.  That makes little sense, and I would not even recommend it.. but unwinding all of the various traditional investment positions and going "all" into BTC with those traditional investment would get that guy to 21BTC at today's prices.. even though it is not recommended as reasonable, prudent or practical.. but whatever.. people do dumb things and yolo even with having had achieved $1 million - but not as likely if s/he spent a decent number of years building those various traditional investment positions rather than newly coming upon such wealth, such as a lottery winner or someone who had inherited the money.

Personally, I would be suggesting somewhere in the 1% to 10% allocation into bitcoin for the newbie and for him/her to learn about bitcoin, and sure, if s/he is a quick study like Michael Saylor, s/he might go way more aggressively into bitcoin.  So even the more aggressive within my recommendation of putting 10% into BTC is only going to get that person around 2.1 BTC at current prices ($100k/$47k), and sure over the coming years, the person could study bitcoin and fairly aggressively continue to invest, and maybe end up getting into something like a 5 BTC allocation.. so the person with 21 BTC is likely going to continue to be more 1337 status than the newbie investor coming into the space, even if the late comer still might be able to get to a decent level of BTC accumulation in the years to come and probably one of the only ways that the late comer is going to catch up to the 21 BTC HODLer is if the 21 BTC HODLer screws up his/her BTC management in the years to come, and they both end up with similar levels of BTC and/or other wealth.  

TLDR: Overall, I just have been attempting to make a kind of argument regarding how 1337 status can be perceived of relatively low levels of BTC accumulation because it may well be difficult for various kinds of normies to catch up to a BTC accumulation level that had been somewhat easier to achieve, but later becomes much more difficult (impractical, infeasible, imprudent) to achieve, even for traditionally rich folks who are later comers to BTC.

[Farmer Bill]

Does the market really need to test $43k again before heading upwards?
I suppose we will know by Friday.

Time to fill the sprayer tank to protect my potato crop from blight.
Then start at first light in around half an hour while the air is at its stillest.
Have a good day all whatever you have planned.

Bill, since you're a farmer, do some spraying on WO too. Use your strongest trollicide.

All the really poisonous chemicals are now banned.

However you can use at full strength with no dilution an ingredient called ignore button.

Seems to kill off the trolls, you certainly never hear from them again.

I presume them dead.

[DeathAngel]

Current price ranging is nothing but noise. Supply shortage will cause a violent move up in the next 4 to 6 weeks. HODL on & enjoy the sweet smell of success soon.

[Dabs]

I just looked at the possibility, what if I bought bitcoin at the earliest date I could have, when I had known about it ... and roughly translating or estimating, I should be the owner of a few thousand bitcoins, assuming I got them all before and did not spend any. But that's not how it really works or happens. It can. It's possible. But so many other factors or variables.

At any rate, I don't have anywhere near that much so the second best thing to do is to keep stacking sats today, and try as much as possible not to spend any, even if I have to. But ... again, ... ... oh well, you get the picture. Everyone has their own specific life circumstances.

[dragonvslinux]

Support from the 21 & 200 Day MA are close by around $46-47K. Nothing wrong with a healthy correction before further upside. Otherwise a re-test of $44K $40K support could be on the cards.

Looking good and on track for a healthy correction to find support from the 200 Day MA. TD Sequential count got reset, but means very little for a 1-4 candle correction to support.



Totally possible the 200 MA doesn't hold and the $40K strong volume support gets re-tested, given the lack of buying or selling pressure in the market at present.

This would also be a healthy 25% retracement from local highs, after a 70%+ move to the upside in recent weeks, would be a bullish correction to the 0.718 fib level.



I wouldn't rule out a high volatility breakdown to $37-40K (0.382 to 0.5 local fibs and VPVR support), but given the bullish factors, it's much more likely to hold.

[ChartBuddy]

Explanation

[Farmer Bill]

Bill, isnt it Bad to spray the Plants on a sunny Day? I remember we did it at dawn or night cause of the sun burn.

Might be different product you are using I know we had to do it without the sun cause we gathered Plants from the fields and then dried them, then boiled them to make a Medicine for plant diseases. It always worked like charm But if we did it during the Day the Plants would end up burned

Oh yeah this reminds me, we dont need Pesticide. Natural Pesticides are Just growing all around Us 😁. What else they going to make for Profit huh 😁

You are quite right water droplets on leaves can act as miniature magnifying glasses enabling the suns rays to scorch a plant.
Modern sprayers use a very fine mist so the water droplet situation does not arise. However the heat from direct sunlight can cause spray to dry out too quickly before it has a chance to spread over the leaves or be absorbed by a systemic preparation.

What plants were getting boiled up to produce a natural spray?

For example oxalic acid a very good aphid pesticide can be extracted from boiling rhubarb leaves. Although natural it is in fact illegal to make your own insecticides, maybe to protect the big manufacturers but probably to protect regular Joe from himself.

Problem with natural pesticides is that insects quickly get resistant to them and the synthetic ones too. Evolution at work!
Very short generation cycles mean that if one survivor in 100s trillions that has a genetic variation to survive a pesticide will soon become the new resistant pest,

So we don't need pesticide. Tell that to the farmers affected by last years locust plague. Starting in Arabian peninsula spread out to Iran, Pakistan, India and west to Egypt, Ethiopia Kenya, with loss of 6 million acres of crops, $9 billion These crops could have been saved at a cost of around $500 million. But many farmers in these regions are too poor to afford such measures.

Completely off topic there are boring farming forums for this.

Meanwhile can the price be pushed lower to $43k to make sure to be sure to be sure that this really, really is support before the price rebounds on its relentless way up in this 12 year bull market.

[OutOfMemory]

48k in two hours.

51k this weekend.

Not aging as planned  

Rrrrelaxxxx yo anus   #nohomo
CME futures expiry tomorrow.
Expect recovery shortly after.
We see this on a regular basis since these damned BTC futures are existing.

Current price ranging is nothing but noise. Supply shortage will cause a violent move up in the next 4 to 6 weeks. HODL on & enjoy the sweet smell of success soon.

Seconded.
Tomorrow's expiring futures contract was opened march 2021. Just manipulation noise.

[Hueristic]

My future died that day in court when I was sentenced to life without parole. When I got back to the federal detention center, I did not go straight to my cell block as usual.

https://twitter.com/realrossu/status/1430553302144626690?s=21

 

I didn't realize he was publishing on Medium.

https://rossulbricht.medium.com/

[ChartBuddy]

Explanation

[xhomerx10]

I hope you're making use of your lake today JimboToronto!  It's quite hot for late August.

[OutOfMemory]

My future died that day in court when I was sentenced to life without parole. When I got back to the federal detention center, I did not go straight to my cell block as usual.

https://twitter.com/realrossu/status/1430553302144626690?s=21

 

I didn't realize he was publishing on Medium.

https://rossulbricht.medium.com/

Also good other reads on that blog, too.
The most criminal entities are governments, the only difference is that their crimes are declared legal (by themselves).
Now, tell me about democracy and "freedom" again...

[Farmer Bill]

Bill, isnt it Bad to spray the Plants on a sunny Day? I remember we did it at dawn or night cause of the sun burn.

I personally use milk (unprocessed from farmers) and a little baking soda in certain proportions mixed with water to protect tomatoes, peppers and cucumbers. Some research shows that milk in combination with the sun gives the best protection to plants.

Oh yeah this reminds me, we dont need Pesticide. Natural Pesticides are Just growing all around Us 😁. What else they going to make for Profit huh 😁

This is completely true, I do not use any pesticides and herbicides, and apart from the above, the best natural fertilizer is obtained from nettles and comfrey, which fortunately there are a lot of in my area. Of course, it should be noted that I am not a farmer but someone who produces for their own needs on a small area, and that such treatments can hardly be carried out on large areas.

I don't see any reason why successful non synthetic chemical methods of pest control cannot not be scaled up.
Milk diluted 15:1 can work against disease by encouraging antagonistic micro-flora, it has to be applied before onset of disease. For example tomato blight or downy mildew on onions.
The liquid feeds made from composted leaves are every bit as good as commercially bought feeds like seaweed extract.
On bigger scales organic farmers make much use of (costly) insect mesh and baking soda can be used as it increases alkalinity which deters some diseases.
Great to see people growing some of their own healthy food.

[JayJuanGee]

Ghahah they quotting from Reddit. You guys truly are pathetic worse than me 😂😂😂. Give me money and give Brains to some. GET A LIFE AND GET A BRAIN

Then 😂😂 he puts Morpheus in like 😂😂😂😂😂😂 he hacked the Matrix 😂😂😂😂😂
Special offer : I give Therapy sessions or Psychology lessons for 1BTC a month. 😁😁

Lesson 1 : Honor has nothing to do with Money.
Lesson 2: Money is a Tool to Uplif the Morals of Other Human Beings or Bash it(among other things) . Except Bashing aint really a moral thing.


What the hell is a bpip? Must be one of ur clowns thinking that this name looks awesome! Ima steal it 😂

You need help buddy, do yourself a favor. make an appointment at the doctors office.

Explain to the doctor about the Number 3 and how it will unlock unlimited power from the universe, he will understand.

I apologize for any nasty comments I made about you, it was uncalled for given your state of health.

I do appreciate your humor Farmer Bill,  yet sometimes it seems difficult to understand how some of these trolls/shills/beggars are able to get away with keeping their forum accounts for as long as they do, even though it almost comes off as if diptwat eXPHorizon is blatantly in the face of mods/administrators.. and flaunting his level of not getting banned (yet).

[Toxic2040]

the noon wall report

Drawing down into a s/r zone and perhaps resolving around a 49% bullish/51% bearish May 16th daily candle. Volumes remain exceedingly low as the market looks for higher fidelity signals.

Continue doing what needs doing and stack sat's imho.

dyor

4h



D

stronghands

[OutOfMemory]

I don't see any reason why successful non synthetic chemical methods of pest control cannot not be scaled up.
Milk diluted 15:1 can work against disease by encouraging antagonistic micro-flora, it has to be applied before onset of disease. For example tomato blight or downy mildew on onions.
The liquid feeds made from composted leaves are every bit as good as commercially bought feeds like seaweed extract.
On bigger scales organic farmers make much use of (costly) insect mesh and baking soda can be used as it increases alkalinity which deters some diseases.
Great to see people growing some of their own healthy food.

I actually earned some experience in winemaking, in two of the best national and also international countries/areas for growing wine. I also made a minor degree in growing and making wine.
Joghurt works even better than milk, i saw the results myself in vineyards at organic wine production, with only one caveat:
You have to spray it twice as often (weekly) which increases use of water and machines, doubles working hours, while the chemical industry is arguing not only with the "safety" of their products as well as the time and resource saving aspects. This is a win for many winemakers, especially at larger scaled production facilities.
 
EDIT: Thanks, by the way, for posting this. It brought up a lot of forgotten memories of that time.



Central Otago, NZ south island.
You see, i wasn't that good at photography back in these days, compared to recent works  

[ChartBuddy]

Explanation