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

[nanobtc]

Local LAN party? Descent 2, all the way. And I had a Spaceorb, the same controller that operated one of the early Mars Rovers.

I had 8 'Demigod' rankings. I was so good, the n00bs said I had to be cheating.

Then my wife got leukemia, and I didn't have the time for it anymore.

[1713569128]

1713569128

[1713569128]

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[JayJuanGee]

Good morning Pacific Time Zener's
Well that's a good idea.. I have two accounts so I'm gonna buy $30 x 2 = $60 (_{it ain't nothing but honest work})

Well, why not... I was thinking about doing it too. But, as you say, $30 is too little. Maybe add a 0 or more depending on everyone's circumstances?

I'm in.



Well this $30 is not about the money but about bringing more people to bitcoin.

Also to me I think one person buying in bulk let say one person or entity buying $1million worth bitcoin or 10,000 people buying $100 each is more valuable and effective than a single entity.

i have a couple exchanges ill buy at. but i figure that ill do multiple individual $30 buys in a row on each. that way they stand out more. otherwise a single larger sum (even if multiples of 30) might get lost in the normal transactions. not that a large tx is bad but i want to make sure those multiple 30 dollar buys stand right out there.

edit prolly messed the quotes up sorry

edit2 mmmmm just in time for a dip too

Well, yeah.. I did the same thing.  I actually bought $30 BTC on 6 different exchanges right around the time the law went into effect.. 2pm pacific time. 

But of course, prior to the designated time, we had that nearly 20% dumpening.. so yeah, my BTC buy orders between $43k and $46k would have executed.. except I had not placed the ones at $46k and $45k until afterwards, and so then I had 2 buy orders execute at $43k and $44k and then I subsequently placed another order at $46k that executed, and then I split my $45k order into three parts to have 1/3 execute at each of these points of $43k, $44k and $45k, in case the BTC price might go back down.. and if it does not then whatever.. that's fine.

So plenty of buying going on from this here cat.. and a wee bit of extra creativity in terms of additional buy orders.. and I suppose the most symbolic of the buys were the six at $30 each at right about 2pm pacific time...It ONLY took me about 5-10 minutes to manually execute those six market buys at between about $46,700 and $46,900 - ish.

I'm fairly certain that any shitcoiner which for sure includes that NFT bullshit would get quite a bit of backlash if attempted in this thread.. but hey, what do I know?

Liquid Network supports NFTs on Bitcoin. Ain't got time for no shitcoins.

Well that's good... or could be at least not trapping into building on top of ethereum or some other shitcoin.

[ChartBuddy]

Explanation

[JayJuanGee]

Who got angry at bitcoin (and the rest)...who...who?
..so f-g tired of gotchas and rug pulls.

Think about it froggie..

BTC prices went up 85% in about 6 weeks without any correction that was greater than 12%.. so this correction of 19% (so far) should not be considered as any kind of BIG deal beyond possibly a buying opportunity - to the extent that BTC prices even stay down for very long, at all.

It's the Cabals showing the world how bad bitcoin is lol. I fully expected this to happen.

Though you didn’t share those opinion “pre-happening”

Yes... exactly.. there are so many geniuses after the fact..

Go figure.

I'm probably retarded, tho.

No need to ask that question.   

 

Fuck I put the decimal point in the wrong place... may have accidentally overcorned a bit.

There is almost no such thing as "overcorning."  You better look it up, and come back and report to this thread with your tail between your legs.. #nohomo


 

[Hueristic]

remember tbase-2 network cables and bmc connectors for lan parties? fairly regularly had 4 people either here or a buds house and man those parties lasted forever.

Make sure those BNC 75ohm terminators are all tight or all hell can break loose right in the middle of a huge slagfest!

oh man nothing compared to all night drunken drugged pizza fueled fragging and racing.

then we all got married. while thats just as much (more even) fun i do miss the lan parties.

Damn straight, I really miss those days! I talk to a few buddys from back then over the years and we always say we're gonna get a game weekend in but it never happens.

Growing up sucks balls!

[xhomerx10]

I wonder if Im going to panic sell and lose all my money, again... I feel like I got this . But just in case, maybe some HODL motivation meme gifs? Much appreciated. Thanks.

... Lemme go in search of one for you. But whatever happens before I get back, don't sell off! It's a bear trap!

😆😆

 He'd better not be wearing a WO hat.

[JayJuanGee]

.. ended up buying 10x more than I should have according to my very strict DCA discipline that even JJG would be proud of.

I am not proud of mistakes.

No mistakes should be made.

 

Yeah JJG is all time be proud of    

I was wondering what happened to my alt..

there you are.


 

Off for BBQ at the shitcoiner cousin's place. Won't mention Bitcoin (or crypto), I'd like to enjoy my steak and burgers.

Good luck to NOT talk about bitcoin or crypto or any of that.

By the way, I have an in-law who really gets on my nerves with his inclination to talk about shitcoins, too.. I don't see him too often, but sure, I know the feeling of just avoiding the topic.. but he does seem to want to at least mention it.... so maybe you will have better luck in that regard.  Perhaps? perhaps?

Well shit I just sliced my goddamn toe and blood everywhere!

I dropped a hammer on the tile and have been too busy (lets call it busy because I hate to admit to being lazy!) and was soaked after a shower and just slipped right into the sharp edge dammit.

Toes Bleed ALOT!!!

Ouch.

edit still buying 30 dollar chunks

You must either be richie or feeling richie..

How many $30 chunks did uie-pooie buy?

[JimboToronto]

A boat, some bait and some fishing gear. Man, I wish I was there. That would take the edge off.

No hay problema.



Lots of fish.

[Subbir]

Think about it froggie..

BTC prices went up 85% in about 6 weeks without any correction that was greater than 12%.. so this correction of 19% (so far) should not be considered as any kind of BIG deal beyond possibly a buying opportunity - to the extent that BTC prices even stay down for very long, at all.

I hope same think The way Bitcoin has been on the rise for the last few weeks needs some correction because now some more new people will be joining Bitcoin. Bitcoin has corrected and moved closer to it's highest point, but it would be a mistake to estimate how much Bitcoin's breasts actually are.

[ChartBuddy]

Explanation

[JayJuanGee]

I wonder if Im going to panic sell and lose all my money, again... I feel like I got this . But just in case, maybe some HODL motivation meme gifs? Much appreciated. Thanks.

Nothing is likely to help you.




U





B





a





lost cause.






#justsaying as a protip.

We needed a diversion!

I bet no one thought of it happening today; Bitcoin shedding off around $6k in less than 24hrs is unbelievably terrible.

There is no reason NOT to call it a $10k correction in 7 hours.

It is actually what happened, even though there was also a bounce back.. to cause such $10k correction to only be a $5k to $6k correction in terms of "so far" plateauing price points.

I wonder if Im going to panic sell and lose all my money, again... I feel like I got this . But just in case, maybe some HODL motivation meme gifs? Much appreciated. Thanks.

... Lemme go in search of one for you. But whatever happens before I get back, don't sell off! It's a bear trap!

😆😆

Peeps are really dumb sometimes.... What's the point?  I can take pain and also I can take my flesh being punctured..

Ok....  Great.  Call me boring, if you must.

My interpretation of that is to never run out of fiat.

Easier said than done..

There were a lot of guys in May/June of this year that ran out of fiat with our dip down to lower $50ks and then down to $40ks, and by the time it got to $30ks they had no money left.

A similar thing happened during the longer dip periods of 2014 to 2015 and in 2018 too - especially in November 2018 when the BTC price dropped from $6k to $3k.. lots of peeps ran out of dip buying moneys (aka fiat) in around the $6k arena... blew their whole wadd... or wadds.

[philipma1957]

buddy doing heavy lifting. a nice back to back 52 then 52.5

I think I will not do any sales today.

maybe tuesday or thursday.

why sell at all?
1% $ loan against btc at 25% LTV at Celsius (you can borrow up to $2 mil).
That 1% interest is most likely deductible as well, especially if you have a LLC.
NOT a financial advice and, personally, i haven't taken such loan yet..but I also don't sell btc.

Absoulutely! Never sell, even for massive profits. Just generate an income from your stash in one way or another.

Edit: replied to the wrong post

I sell often and will do so.

Due to mining ⛏ expanding the mine is a slow steady job.

We are suffering a huge excess of cheap power. it is good but you can fuck up if you rush to buy high priced gear.

So we want to expand a lot but at well priced gear.

But we dont want to buy on credit .

So if 4 btc comes into the mine we keep 2 and sell 2.

The mine grows
the bills get paid
the coins stack.

If I sell.

0.01 five times this week. I still will have some to stack.

My trading is still trading. but hard gear is part of the equation for me.

But I did mine and hold from 29k to 41k .

then sold a few pieces of coins and old gear for expenses.

Took me years to understand juggling ratios

cash
bills
coins
gear.

it is more work
it is more complex.
but I have reached a point that profit will happen so risk is lower.

Yeah your situation is a little different because it's a business. But I'm sure you have a stash set aside from over the years you've been mining and that you don't have draw upon for business expenses (or your trading). Don't sell that stash.

Infact, assuming you can stay mining for the rest of your days your income can come directly from that. So, surely you have no reason to sell any of your stash, baring an emergency, etc.

This took a long time for me to do.

Realistically I should be at 20 coins.
Reality  is I am not .

I am in the 1-10 zone.

If you count the gear. I am pretty good.
If you count the coins I am meh.
If you count the debt I am very good.
If you count the cash I am meh.

It is tough I have access to 1.15 mega watts

I am using .3 megawatts .

 Now the power deal should last for years to come. Buying gear responsibly is very tricky.
I really really really try to dca the gear.

So I did not buy any 15000 usd s19 pros but we only got two s19 pros when they were 2500.

Of course that was last Year July 2020 and mining was shit. A 2500 S19pro was meh. I did get a 850 s17 pro a really good buy. It earned back all the btc I paid and I can sell it for 4 k easy.

But yea this has morphed into a job.
and 2021 has been good to the four of us. in on this deal.

2018 was meh
2019 was meh 1 or two good months
2020 has three good months
2021 every month was good. 8 for 8 never happened in any year I mined.

[JayJuanGee]

Lol the people who don't understand the deflationary nature of BTC and sold are going to be bitter once this dip is quickly eaten up again... Nows the best time to buy I would say.

Or long, with badass leverage.
I'd go for 75x or even more.

On way to go from being kind of a coiner with a 0.3292433 coiner stash to a no coiner.. quickly.  


Very quickly.  

Goddammnit!
How many times do I have to post this before it sticks?

Just posting something like that will not necessarily make it so.  

Who do you think you are?  

Some kind of commando trekkie?

 He'd better not be wearing a WO hat.

Kind of looks like it..

It's gonna hurt your franchise, homer.  

Think about it froggie..

BTC prices went up 85% in about 6 weeks without any correction that was greater than 12%.. so this correction of 19% (so far) should not be considered as any kind of BIG deal beyond possibly a buying opportunity - to the extent that BTC prices even stay down for very long, at all.

I hope same think The way Bitcoin has been on the rise for the last few weeks needs some correction because now some more new people will be joining Bitcoin. Bitcoin has corrected and moved closer to it's highest point, but it would be a mistake to estimate how much Bitcoin's breasts actually are.

I would not proclaim that BTC actually "needs" a correction, but more that we should not be surprised when a correction happens,.. even a 19% (so far) correction.. does not seem unusual to me at all.. especially given where we are at and how we got here.  I don't exactly know what bitcoin needs, but I am not going to be surprised if the BTC price does not just continue in the same direction perpetually.. that would not make too much sense...so really any of us who have been in BTC for a while should not be shocked by this kind of correction, even though the vast majority of the wick down was quite violent and happened in about less than 20 minutes from $50k to the $42,900 bottom of this "so far" correction.

I am not sure what you mean by "breasts" Subbir?  Are you talking about tops?.. I will say that going from $28,600-ish to $52,956 was a possible sub $55k stopping point before entering into noman's land (from about $55k to $80k).. which is a kind of area that is close to the previous $64,895 top.. so I have a kind of sense that when the BTC price starts getting close to our current ATH of $64,895, then it is likely to just shoot to that price point and to shoot right past it.. and our current correction (so far) does seem to provide some abilities to the buying support to keep up to make it a wee bit more likely to be able to pass through noman's land (of about $55k to about $80k) without too many corrections nor pauses therein...  

I am just attempting to outline a sense of what could happen in regards to bitcoin dynamics when we start getting towards previous ATHs, especially if there has been a significant interrim since last visiting such previous ATH (and so far we are at nearly 5 months since we were kissed^{tm (d_eddie)} $64,895, rather than what will end up happening because in the end, sometimes BTC's actual price performance will not play out in ways that seem to have amongst the higher level of chances... so we will see? we will see?

[bitebits]

@brian_armstrong
1/ Some really sketchy behavior coming out of the SEC recently.

https://twitter.com/brian_armstrong/status/1435439291715358721

[JayJuanGee]

This took a long time for me to do.

Realistically I should be at 20 coins.
Reality  is I am not .

I am in the 1-10 zone.

If you count the gear. I am pretty good.
If you count the coins I am meh.
If you count the debt I am very good.
If you count the cash I am meh.

It is tough I have access to 1.15 mega watts

I am using .3 megawatts .

 Now the power deal should last for years to come. Buying gear responsibly is very tricky.
I really really really try to dca the gear.

So I did not buy any 15000 usd s19 pros but we only got two s19 pros when they were 2500.

Of course that was last Year July 2020 and mining was shit. A 2500 S19pro was meh. I did get a 850 s17 pro a really good buy. It earned back all the btc I paid and I can sell it for 4 k easy.

But yea this has morphed into a job.
and 2021 has been good to the four of us. in on this deal.

2018 was meh
2019 was meh 1 or two good months
2020 has three good months
2021 every month was good. 8 for 8 never happened in any year I mined.

Some harsh realities there, philip.  Oh my.  I should not razz you so much (even though sometimes you really do deserve such razzing).  You some off as a working animal, so to speak... kind of like Boxer..... from Animal Farm, if peeps don't know the reference.   

[ChartBuddy]

Explanation

[Biodom]

@brian_armstrong
1/ Some really sketchy behavior coming out of the SEC recently.

https://twitter.com/brian_armstrong/status/1435439291715358721

earning 4% with USDC when everybody with $ earns 0.01%-that's why they are so up in arms about it.
4% is "real" yield and 0.01% is fakery...but we got there somehow with all those rescues since 1997 and now PTB are stuck and lash out (via SEC).
SEC is just a tool to prevent a major "loss of face"...or is it "loss of faith"?

[ChartBuddy]

Explanation

[proudhon]

@brian_armstrong
1/ Some really sketchy behavior coming out of the SEC recently.

https://twitter.com/brian_armstrong/status/1435439291715358721

Ok, I've seen enough. Bitcoin under $10k before the end of the year. The SEC always wins.

[Richy_T]

Well shit I just sliced my goddamn toe and blood everywhere!

I dropped a hammer on the tile and have been too busy (lets call it busy because I hate to admit to being lazy!) and was soaked after a shower and just slipped right into the sharp edge dammit.

Toes Bleed ALOT!!!

I cut my hand badly on a tile doing bathroom reno once. Definitely not fun and I was on a time crunch so it was just wrap it in a bunch of tissue paper and keep going. I got some sturdy gloves ASAP after that.