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

[JayJuanGee]

Seems like the market formed a double top. There may be a small dead cat bounce but after that it’s only down I’m afraid. Welcome to the next long crypto winter. You should sell everything & sit on the sidelines, ready to buy back sub $10,000 in 2023.

It was fun whilst it lasted but the top is in. Sell everything now before the long crypto winter engulfs you.

Thanks for showing us that there was no reason for any of us to have had been dumb enough to actually feel sorry for you and your no coiner nonsense..

I suppose that there could be a few stages that you could get coins.. the most certain for anyone who actually has no coins would be to get some under $59k.. at current prices.

Alternatively, you may be able to get some coins for a few thousand cheaper than current prices, but there is no guarantee (that's for sure), and waiting for lower prices may well show that you are greedy rather than prudent.  

Any recommendations regarding when to sell and/or when to buy should account for individual circumstances, and not too many of us in these parts recommend engaging in all or nothing preparations - and selling all to buy back lower is surely a losers game (which just based on what you are saying, you do seem to be a loser billynocoiner).  

Anyone who is genuine who wants to get into details regarding strategies for accumulating BTC that might be more applicable to someone who is genuine, might want to suggest a scenario..

Frequently, I had outline circumstances for some hypothetical person(s) (newbies, perhaps?) who might be new to bitcoin and have lump sum amounts (perhaps $12k) and cashflow (perhaps $1k per month) and to be able to prepare based on something like that.  

There are a variety of approaches to include dollar cost averaging, lump sum investing and buying on dips... and selling to buy back lower remains a losers game without fleshenening out some details.. including that billy no coiner seemed to have come to this thread in July 2021 when the BTC price was at the low of the May through July dippening at around $30k, and likely sold all of his BIG ASS stash of 0.0613483 BTC at that $30k-ish point.. that is if he had any BTRC to begin with... so hard to base any kind of prudence in terms of considering BTC accumulation strategies upon any of his ongoing desperate nonsense pleas.

So I grabbed six small pieces back.

Will buy more dip if it comes.

When I buy dip is is always buy and hodl it.
 I have three accounts for that.

I always hodl and have never sold any BTC from those accounts .

Those 3 accounts are BTC buy dip and hodl only.

My exit plan on them is sell at 70 years old.

until then buy dips and hodl.

Next dip level to buy is 55555.55

You probably appreciate that one of my criticisms of you Phil has been that you have not been sufficiently aggressive in terms of your historical bitcoin investing strategy... and yes I have been a bit of a broken record on this point... and in some ways many of us know that those are your various balancing of trade off choices...  

I concede that I hardly know shit about you, and I also concede that you have both admitted that historically that you had not been very aggressive in terms of the quantity of BTC that you had been retaining and you asserted that you have increased your level of aggressiveness - which surely I continue to question your level of adequate aggressiveness - even though I cannot really know your details or even experience your trade-offs.. but since we are participating in a public thread, I do believe that it continues to be important to emphasize techniques that are preferable - including techniques that might be better than others.

Surely, I am not opposed to strategies to buy BTC on dips, but I will assert that buying on dips has been a strategy in bitcoin that has shown itself to generally be inferior to both DCA and lump sum investing.

Yeah, I understand that you have a couple of problematic areas, philip...
1) one of your problematic areas is your damned age... but if you suggest that you have somewhere between a 5 year and 6 (understanding that you are somewhere in the 64 age arena.. and maybe you just turned 64 so your investment timeline may well be closer to 6 more years rather than 5 years) of year timeline before you are going to start to draw upon your BTC.. you are granting me some ammunition in terms of suggesting both front loading and DCA.. at least for a bit of time.. I do understand that we are in a bit of a problematic area of our current cycle.. so it becomes a bit more problematic for me to suggest any kinds of over-exuberance in terms of aggressiveness... but as you get closer and closer to 70 years old.. then you no longer have at least a 4 year timeline before you are going to need to draw upon your investment, though I do understand and appreciate that you may well be drawing on your BTC investment in incremental, rather than lump sum ways, so yo may well not need all of your BTC investment at once.

2) another problematic area is that you are involved in BTC mining so you have a BTC income, but we also know that you can segregate that portion of your income out and make decisions regarding how much of that business related BTC to cash out on a regular basis versus how much to fold into your own income or personal savings (in the form of BTC as contrasted with converting to dollars).  I suppose that the earning money in bitcoin aspect does not need to be a problem, but there have been so many times that guys (not only you Philip) have considered that they are invested in bitcoin merely because they are involved in bitcoin.. and surely a lot of guys (and gal perhaps too) are vulnerable to such thinking in which the being involved in the business interferes with the separate question that they have to answer regarding both their cashflow and how much to keep in bitcoin..  

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[1715165290]

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[ChartBuddy]

Explanation

[shahzadafzal]

My question will be how much is 1 bitcoin worth?

Answer: 1 BTC = 1000kg Gold

[ChartBuddy]

Explanation

[shahzadafzal]

Posting here for maximum visibility:

First BitcoinTalkShow YouTube channel teaser has just been released today:


https://youtu.be/JHCI4Q5Q-MQ

Discover more here

and rumors are we will have a special episode dedicated to WO

[cygan]

https://twitter.com/nayibbukele/status/1453461587948445697


https://twitter.com/BitcoinMagazine/status/1453463073843515398

[ChartBuddy]

Explanation

[El duderino_]

I knew I changed my hat to soon…..

[Sayeds56]

https://twitter.com/LordFusitua/status/1453009566740983816

[ChartBuddy]

Explanation

[ChartBuddy]

Explanation

[aysg76]

~snip~

So now they hold a total of 1120BTC in their trust reserves which holds USD and bitcoin.

420 BTC is worth about $24.6 million. As previously mentioned, the purchase brings the country’s total amount of Bitcoin to 1,120 BTC, which is worth about $87.4 million USD. The country has an estimated average purchase price of just above $53,300. Bitcoin trades $58,990, down 3% as of the time of this writing.

Still they are in profit and buying the dips because of it and on the other side for some dips is sign of panic sell and that's what makes the difference.You need to know it's BTC not any shitcoin who once gone down will never recover but will surge with great pumps.Have vision before it's too late.We have already missed many like 2011-14 and then back in 2017-20 so don't waste anymore who are still out of bitcoin as there are not too many of them.

I knew I changed my hat to soon…..

There is little red dildos but beleive me chartbuddy is soon going to relax us again and the hat you have put on is perfect because you don't need to McDonald's one's again.Just enjoy it like horror thriller and soon the green lights will be turned on.

My question will be how much is 1 bitcoin worth?

Answer: 1 BTC = 1000kg Gold

1 BTC = 1 BTC and gold is no longer a measuring standard according to me.

[ChartBuddy]

Explanation

[Arriemoller]

FFS, I just renewed my electricity contract, I only buy on a one year basis. This year I have been paying the equivalent of 58 USD a month, next year I will be paying 175 USD, and that is just to the producer, at least another 50 to 100 USD, depending on how much I use, to the company that owns the cables and in taxes comes on top of that.
Good thing I'm not poor anymore, but what about all those poor souls that live on a paycheck to paycheck basis, how are they gonna afford this shit.

Basically I'm going from 5 USD to 20 USD per kWh before tax and transfer fees. In the end, with tax and fees, its about twice as much.

[julian071]

Thanks for that! The WO is already mentioned in some of the upcoming videos and there's a dedicated video upcoming about the Wall Observer thread. Anything special you guys want to see featured, something that we definitely shouldn't miss?

This is actually a nice one!
What are the most iconic WO moment?
I think I am quite new here, but I can think a few of those:

• The births of the hats
• @Mindtrust selling
• @BobLawblaw ragquit with epic post deletion
• @El duderino_ drunk dickpic
• SOON (TM) @Proudhon paying his bet to Fillippone

Merit shower to the one who’s able to link the above post!

What is your top-5?

El Duderinos contests.

The guess where I am/what this is games.

The Sunday haikus.

Edit. I put yours and my suggestions in the comments.

All great ones. I'd like to add the never ending planning for the 100k-party.

As for the hats you could mention that I had mine made IRL :+)

[SKRAAA]

I regularly read this thread but today I wanted to share some news with you guys - see in second half of my post. But first, I want to introduce you to an indicator I discovered recently and I think it's greatly valuable.
I haven't really seen anyone here talking about Long Term Holder SOPR (Spent Output Profit Ratio) which is really useful on-chain indicator for predicting severe corrections before they happen. That's my contribution for today, I hope someone will find it useful.
It's available on Glassnode and CryptoQuant: https://cryptoquant.com/overview/btc-market-indicator/16442?window=day
When the ratio goes up (above 9 is considered warning), considerable amount of Bitcoin moved out from long term HODL wallets, meaning some whales are preparing to sell on exchanges and price correction is very likely.

And now the happy news from my life. I bought the dip yesterday, just hours after my little brother Miha was born. I decided to give some Bitcoin as a gift for Miha. And the date of the first transaction is his birthday which is really cool, right?
I wonder how much it's going to be worth in 10 or 20 years. Never too early to start investing
Here is his vanity address if you feel generous today and want to gift him a few sats: 3Miha3LSkHrtioPfgismPCQ6KfUa4wzPu1
I promise I will not touch this address. Ever. I will teach him all about Bitcoin when he's old enough.
Have a wonderful day WO gang!!

[Arriemoller]

I regularly read this thread but today I wanted to share some news with you guys - see in second half of my post. But first, I want to introduce you to an indicator I discovered recently and I think it's greatly valuable.
I haven't really seen anyone here talking about Long Term Holder SOPR (Spent Output Profit Ratio) which is really useful on-chain indicator for predicting severe corrections before they happen. That's my contribution for today, I hope someone will find it useful.
It's available on Glassnode and CryptoQuant: https://cryptoquant.com/overview/btc-market-indicator/16442?window=day
When the ratio goes up (above 9 is considered warning), considerable amount of Bitcoin moved out from long term HODL wallets, meaning some whales are preparing to sell on exchanges and price correction is very likely.

And now the happy news from my life. I bought the dip yesterday, just hours after my little brother Miha was born. I decided to give some Bitcoin as a gift for Miha. And the date of the first transaction is his birthday which is really cool, right?
I wonder how much it's going to be worth in 10 or 20 years. Never too early to start investing
Here is his vanity address if you feel generous today and want to gift him a few sats: 3Miha3LSkHrtioPfgismPCQ6KfUa4wzPu1
I promise I will not touch this address. Ever. I will teach him all about Bitcoin when he's old enough.
Have a wonderful day WO gang!!

Congratulations!

[ChartBuddy]

Explanation

[Arriemoller]

Thanks for that! The WO is already mentioned in some of the upcoming videos and there's a dedicated video upcoming about the Wall Observer thread. Anything special you guys want to see featured, something that we definitely shouldn't miss?

This is actually a nice one!
What are the most iconic WO moment?
I think I am quite new here, but I can think a few of those:

• The births of the hats
• @Mindtrust selling
• @BobLawblaw ragquit with epic post deletion
• @El duderino_ drunk dickpic
• SOON (TM) @Proudhon paying his bet to Fillippone

Merit shower to the one who’s able to link the above post!

What is your top-5?

El Duderinos contests.

The guess where I am/what this is games.

The Sunday haikus.

Edit. I put yours and my suggestions in the comments.

Hm, seems like he deleted my contribution in the you tube comments. The only contribution at that, not a good start.

[somac.]

FFS, I just renewed my electricity contract, I only buy on a one year basis. This year I have been paying the equivalent of 58 USD a month, next year I will be paying 175 USD, and that is just to the producer, at least another 50 to 100 USD, depending on how much I use, to the company that owns the cables and in taxes comes on top of that.
Good thing I'm not poor anymore, but what about all those poor souls that live on a paycheck to paycheck basis, how are they gonna afford this shit.

Basically I'm going from 5 USD to 20 USD per kWh before tax and transfer fees. In the end, with tax and fees, its about twice as much.

Those poor souls are screwed and are going to experience what it was like to live in feudal societies as a serf. It's fucked up.