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

[Hueristic]

n a message to the membership from the executive board of the city's Sergeants Benevolent Association, the board said "given the severity of this matter and the uncertainty of its outcome … this evening president Mullins has agreed to tender his resignation as president of the SBA."

https://www.newsday.com/news/new-york/fbi-raid-nyc-sergeants-union-ed-mullins-1.50381710

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[JayJuanGee]

The question is: how much money an average person actually have?
Maybe not so little to call it almost nothing.
Looking at Fidelity in US (of course, having an account there means that you do have some money). Posting averages, not median (median is smaller).
20-29 years old: $12K
30-39: 42K
40-49: 103K
50-59: 174K
60-69: 195K (small increase due to starting distributions, probably)

https://www.nerdwallet.com/article/investing/the-average-401k-balance-by-age

TL;DR people have not an insignificant amount of money after ~45-50 years of age.

Bitcoin changes this, of course...but you can see where you would have been (on average) if not for bitcoin, etc. OR a good luck in other investments, inheritance or card games  .

Well Biodom, you did kind of point out part of the problem in terms of trying to generalize the Fidelity data to the overall population, even though the data can get some kinds of ideas of where people might be at in terms of some kinds of wealth that they establish.

The Fidelity data is specifically 401ks, and there are limitations regarding how much can be contributed into a 401k from earnings, and surely the employer would need to have such an option.. which is another problem in terms of actually building wealth through a 401k plan.

I still would suggest that any of us could have aspirations that go above and beyond such 401k plans, and maybe even by the time we are in our 40s or 50s be getting to fuck you status, as we have determined those numbers, and sure there might also be some of us who might be able to achieve such fuck you status in our 30s, but surely would seem like a rare duck - including that sometimes even a greater wealth cushion might need to be established to be able to make sure to have a sustainable cashflow from the principle wealth that has been built up.

Back to impostor syndrome is to get the sense that you have 10x, 20x or some greater amount more wealth than the circles in which you are and the circles in which you had anticipated that you would be at whichever age category that you are in.

I do believe that there are not a whole hell of a lot of normie Americans (probably applying to other westerners, too) who have substantial amounts of wealth outside of having their own home (presuming most of it might be paid off by the time they get to retirement age or some point before that) and maybe a 401k, so merely getting to some point of having some pool of wealth to draw from ends up likely being exceptions rather than the rule... so any of us who are able to have bitcoin and to allow bitcoin to get us to a higher status may well feel fortunate, even if we do not end up feeling like an impostor, exactly.

[ChartBuddy]

Explanation

[ChartBuddy]

Explanation

[Sayeds56]

https://twitter.com/PamDotP/status/1445335108731293701

[AlcoHoDL]

On the 4th December 2018 Bob sent me 0.00077868 BTC
to buy a drink . It's now worth £32  THANK YOU BOB

On 17th January 2020 LFC_Bitcoin sent me 0.00587 BTC (then $50) as prize money for winning his game.
It's now worth $324. Thank you LFC.

Please leave me out of this “past-btc related issues”

Sorry Dude, was not meant to offend anyone, just to share the happiness and illustrate Bitcoin's success... Apologies if it was taken the wrong way. I'm sure LFC has way more than 0.00587 BTC and I'm sure he's very happy too, that his game prize money has grown so much.

Soon, with these "petty" amounts, one will be able to buy quite a lot of stuff. That's 587k sats we're talking about. I will not be spending it any time soon, I will keep it as an indicator of Bitcoin price appreciation, and to have a good story to tell nocoiner (and coiner) friends about Bitcoin's success.

[ChartBuddy]

Explanation

[Sayeds56]

Bitcoin is trading above pivot point and next likely target is 57K




www.investing.com

[ChartBuddy]

Explanation

[ChartBuddy]

Explanation

[OutOfMemory]

CBB

Revisit of Bart or $56k?
Looks sideway-ish for now...

[AlcoHoDL]

CBB

Revisit of Bart or $56k?
Looks sideway-ish for now...

It's either the top of a Bart, or the foot of the 6-digit mountain. These can be any length. IOW, roll a dice.

Regardless, we know where it's going long-term, and that's UP.

Isn't life great?  

[OgNasty]

Looking at the mempool you can see that it is spiking again as Bitcoiners rush their BTC onto exchanges to take profits over $50K. Once this mempool backlog is worked through and those coins have their chance to find new owners on exchanges we can start moving upward again. Keep your eye on the mempool and get ready for the next leg up.

https://jochen-hoenicke.de/queue/#BTC,24h,weight

[ChartBuddy]

Explanation

[Wekkel]

Now?

https://tradingqna.com/uploads/default/optimized/2X/c/c783632a0c33c9350c7cc24a2532fc29cd9de02a_2_375x500.jpg

Let me guess: E46?

[El duderino_]

[aysg76]

Maybe celebrating $60k this weekend party

[ChartBuddy]

Explanation

[Lucius]

I would be very excited to tell her I have some BTC in my wallet

[ivomm]

There are at least 4 reasons we should feel optimistic about the price in Q4 2021. First, during the bull runs Q4 has always been strong with new ATH's. Second, the last weeks increase is not due to some buy the rumour sell the news kinda thing. I think it is obvious that the reason is mainly the supply shock caused by the widespread hodler strategy both from retail and institutional investors. Third, the expectations for 100K, PlanB, etc. create a self-fulfilling prophecy, just like Bitcoin was programmed in the beginning by Satoshi.  And last, but not least, returning to the median price of 54-55K (which is the last ATH-11%) after the panic sell, which has lead to 55% loss from the last ATH, is reassuring for the new generation of hodlers to keep hodling. Those who panic sold because it was their first crash now slowly begin to realize their mistake and some of them will re-enter at much higher prices.