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

[Paashaas]

Well meltdown is happening anyway. Inflation is steadily going op, thx to all the printers going brrrrrrrrrrrrrr. House prices in NL are going up bij 1% per MONTH. Energy prices causing even more inflation. Feels like the economy is destabilising to me.

Reading that you Dutchies are going to get help from the government with the increasing energy prices with a €400 subsidy for each household.

Like you said: Brrrrrrrr......

Well it's that kind of brrrrrr or the other kind of Brrrrr with freezing in the winter for many.

Either way fiat becomes trash with every day that passes at this rate.

The goverment closed the gas field in Groningen after subsidences, homes around that area getting damaged from the drilling which is understandable.  

Slochteren field is the biggest gas field in Europe and one of the biggest in the world and IMO they could easily re-open the field for some time to fill empty fields somewhere else for winter times without damaging more homes.

Although, i'm aware of the energy transition project but this is not going smooth at all. It will take years to complete the transition, we'll be energy independent when finished. Poetin might laugh now having more power with Russia's gas supply to Europe but that won't last forever.

[UnDerDoG81]

Where are we heading to? 2017/18 we were expecting 10k to hardly break and then we shot to 20k. This time we have big players in the game who probably gonna take profits earlier?

I think I will start to sell 1% now, 2% at 60k€, 3% at 70k€ and so on. 2013 I was a newbie. 2017 I fell for the "you never sell Bitcoin" talk and seen it dumping 80%. This time wanna take profits.

[Paashaas]

[serveria.com]

Where are we heading to? 2017/18 we were expecting 10k to hardly break and then we shot to 20k. This time we have big players in the game who probably gonna take profits earlier?

I think I will start to sell 1% now, 2% at 60k€, 3% at 70k€ and so on. 2013 I was a newbie. 2017 I fell for the "you never sell Bitcoin" talk and seen it dumping 80%. This time wanna take profits.

Wrong. Quote: 2017/18 we were expecting 10k to hardly break and then we shot to 20k.  

So what are you expecting this time? If $100k then you're probably right. As to me, $200k is a minimum price I expect. So no selling below $100k.  

[philipma1957]

just sold a piece for 60k

[BitcoinBunny]

Not selling at 100K or at 200K.

[El duderino_]

Well meltdown is happening anyway. Inflation is steadily going op, thx to all the printers going brrrrrrrrrrrrrr. House prices in NL are going up bij 1% per MONTH. Energy prices causing even more inflation. Feels like the economy is destabilising to me.

Indeed, very... I don't like the look of a whole lot of things tbh... though I do like the bitcoin prices

[UnDerDoG81]

Where are we heading to? 2017/18 we were expecting 10k to hardly break and then we shot to 20k. This time we have big players in the game who probably gonna take profits earlier?

I think I will start to sell 1% now, 2% at 60k€, 3% at 70k€ and so on. 2013 I was a newbie. 2017 I fell for the "you never sell Bitcoin" talk and seen it dumping 80%. This time wanna take profits.

Wrong. Quote: 2017/18 we were expecting 10k to hardly break and then we shot to 20k.  

So what are you expecting this time? If $100k then you're probably right. As to me, $200k is a minimum price I expect. So no selling below $100k.  

I am expecting 200k as well as minimum. But as I said, we have different players in the game. I do not tend to trust rich people. So I would not wonder if for example Michael Saylor would dump all his coins on us while telling us that Bitcoin is the future etc. See what Musk did. Even though that was a favor long term.

[JimboToronto]

Good morning Bitcoinland.

The battle for $60k rages on... currently $60046USD/$74282CAD (Bitcoinaverage).

As a Wall Observer, observing that wall at $61.5k on Stamp makes me think we might be going sidewayish for a little while. Hopefully I'm wrong and we'll blow right past it.

Go Bitcoin go.

This time wanna take profits.

I'll take my profits in Bitcoin thank you.

[ChartBuddy]

Explanation

[serveria.com]

Where are we heading to? 2017/18 we were expecting 10k to hardly break and then we shot to 20k. This time we have big players in the game who probably gonna take profits earlier?

I think I will start to sell 1% now, 2% at 60k€, 3% at 70k€ and so on. 2013 I was a newbie. 2017 I fell for the "you never sell Bitcoin" talk and seen it dumping 80%. This time wanna take profits.

Wrong. Quote: 2017/18 we were expecting 10k to hardly break and then we shot to 20k.  

So what are you expecting this time? If $100k then you're probably right. As to me, $200k is a minimum price I expect. So no selling below $100k.  

I am expecting 200k as well as minimum. But as I said, we have different players in the game. I do not tend to trust rich people. So I would not wonder if for example Michael Saylor would dump all his coins on us while telling us that Bitcoin is the future etc. See what Musk did. Even though that was a favor long term.

But you really believe it that Saylor can/will sell his coins below $100k? It's vice versa actually: billionaires are smarter than most people (ok on average) they can see it coming, billionaires don't take meager profits, billionaires don't need FIAT money they have boatloads of filthy fiat etc etc... so if he's going to sell it's not gonna happen soon. Bitcoin is a hedge, you don't have to convert it to fiat. Instead, you should convert fiat to Bitcoin....  

[serveria.com]

Good morning Bitcoinland.

The battle for $60k rages on... currently $60046USD/$74282CAD (Bitcoinaverage).

As a Wall Observer, observing that wall at $61.5k on Stamp makes me think we might be going sidewayish for a little while. Hopefully I'm wrong and we'll blow right past it.

Go Bitcoin go.

This time wanna take profits.

I'll take my profits in Bitcoin thank you.

This! 

[AlcoHoDL]

OK. Time to refresh my neurons.

See, neurons are like dynamic RAM, you know, the little rectangular thingies inside our 'puters. They need to be refreshed constantly to keep dem datas intact, otherwise they forget and we get all sorts of BSODs and shit. And we don't want this to happen now, do we?

Sure, the brain can keep stuff for decades, but breaking $60k is serious shit. I wouldn't want to forget those important strings stored inside my head now, would I?

Can wealth be stored in the brain? You can be damned sure it can! Satoshi made it so.

People of WO! Let those currents flow through your synapses! Refresh your neurons now!

[UnDerDoG81]

Good morning Bitcoinland.

The battle for $60k rages on... currently $60046USD/$74282CAD (Bitcoinaverage).

As a Wall Observer, observing that wall at $61.5k on Stamp makes me think we might be going sidewayish for a little while. Hopefully I'm wrong and we'll blow right past it.

Go Bitcoin go.

This time wanna take profits.

I'll take my profits in Bitcoin thank you.

This! 

Unless you see it dumping from 220k to 40k. I dont want to hold fiat either. I will reinvest in other stuff and buy back in a bear market if we get one. I plan to sell only 10% of my BTC in total.

[Torque]

Bitcoin ETF approval imminent, or yet another head fake bull trap?

https://www.cnbc.com/2021/10/15/bitcoin-etfs-may-finally-make-their-debut-sort-of.html

Cryptocurrency enthusiasts and the exchange-traded fund industry are bracing for the first bitcoin futures ETF to begin trading Tuesday, when the ProShares Bitcoin Strategy ETF is scheduled to debut at the New York Stock Exchange.

There is, however, one catch: The ETF goes active unless the Securities and Exchange Commission objects to the filing, which can happen right up until midnight Monday.

Despite the uncertainty, many believe the odds are in favor the ETF will begin trading as scheduled.

“I would give it a 75% chance of approval,” ETF Trends director of research Dave Nadig said.

[shahzadafzal]

just sold a piece for 60k

[podyx]

just sold a piece for 60k

[Hhampuz]

just sold a piece for 60k

[JayJuanGee]

In the debate you are having, although to some extent you come to an agreement that the price or purchasing power of bitcoin will have to flatten in the future, I am closer to JJG's thinking.

I'm saying the planet isn't designed to pump forever

Well, of course it cannot grow indefinitely forever, but there is a pessimistic view of human growth exemplified by Malthus, and which at least for the moment has been proven wrong. He said that humans grow in geometric progression and food production in arithmetic progression, so that food shortages would not be long in coming due to lack of resources. When he was alive, there were 1 billion people on earth, today there are 7 billion who are generally much better fed and have a much higher standard of living in terms of consumption of goods and services.

But yes, I suppose there has to be a limit to growth and it cannot be infinite, what I doubt is whether we are putting how we imagine the limit very short.

Even though you suggest that you are agreeing with me, P_player.. you have also framed the matter a wee bit differently, since you are focusing on the various kinds of ability to produce more and more abundance, and it seems that I was largely focusing on the fact that bitcoin is the most scarce of goods or assets.. so in that regard, if something more scarce or in the ballpark of the same scarce does not come along, then bitcoin is always going to be gravitating value into it relative to other products and assets... in other words always increasing in value.... seems to be getting somewhat far afield to be attempting to address the matter in terms of various consumption goods and services - even though for sure, there is always value in consumption goods and services - for mere survival... so in that regard, some bare minimums of consumption goods and services do need to be provided, if we are on a desert island, and there is limited water and food, then that water and food will be the most valuable at that point.

On the other hand, when we are presuming some basic levels of production of consumption goods and services and talking about currencies and various other assets such as housing or precious metals, then we are back to bitcoin being the most sound and scarce of them all and likely to pump forever, even if the pump becomes more gradual and flat with the passage of time, I am still presuming that bitcoin is not going to go completely flat, but I am also presuming that we are talking well over 100 years in to the future..... so that does seem to be quite a bit less concrete in terms of our current investment thesis or even projecting into potential legacies that we might attempt to create by being early bitcoin adopters, accumulators and hodlers.

[El duderino_]

just sold a piece for 60k

online foto maken