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

[JayJuanGee]

[edited out]

https://www.youtube.com/watch?v=j95kNwZw8YY


       

I expect at least another week of down. Maybe 2... but the 2nd one might be some kind of sideways. Then it will be UP!                

Time in the market is a way better strategy than trying to time the market, and surely many of us have heard these nonsense opinions from you previously and you likely have screwed ur lil selfie out of a lot of profits through your ongoing playing around and failing/refusing to establish and follow a sound and prudent preparation for UP strategy.

By the way, a preparation for UP strategy would at least involve some kinds of accumulation of bitcoin, and the best of the accumulation strategies is dollar cost averaging (DCA) that can also be supplemented with buying on dip and lump sum investing.  

Selling bitcoin to buy more is a way the fuck inferior strategy, and likely should not be attempted or followed until reaching decently high BTC accumulation strategies, and then ONLY playing with very small portions of your stash.  From what I have already seen from you, I doubt that you are even close to reaching decent levels of BTC accumulation, so yeah even if you have gotten up to currently valid entry-level BTC accumulation goals, such as 0.21BTC, I would be quite surprise.  

With your forum registration date of May 2016, you should have been able to reasonably and prudently accumulate in the ball park of about $57k  to about $570k in BTC value.. depending on if you had a more wimpy BTC accumulation strategy of something like $10 per week or a more aggressive BTC accumulation strategy of $100 per week... of course, retrospectively we can see that the $100 per week would have been a better strategy that would have gotten you about 9.65 BTC as compared with ONLY $10 per week would have merely gotten you about 0.965 BTC.. but still not even too bad, even with a $10 per week strategy.

The success or failure of your involvement in BTC and how you have "dabbled" with BTC can be compared to where you would have been on a DCA strategy versus at what various lame-ass points that you likely find your lil selfie to be in currently, and for sure it is not too late to learn, even if you have also demonstrated a lot of ongoing resistances (and perhaps inabilities) to actually learn anything.. even little basic things.  Sucks to be you, no?

BTW, there are several WOers that I'd like to meet IRL. You can hate me for this, but proudhon is one of them.

It's not worth it.

Don't get lured into it.

 

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[serveria.com]

[edited out]

https://www.youtube.com/watch?v=j95kNwZw8YY


       

I expect at least another week of down. Maybe 2... but the 2nd one might be some kind of sideways. Then it will be UP!                

Time in the market is a way better strategy than trying to time the market, and surely many of us have heard these nonsense opinions from you previously and you likely have screwed ur lil selfie out of a lot of profits through your ongoing playing around and failing/refusing to establish and follow a sound and prudent preparation for UP strategy.

By the way, a preparation for UP strategy would at least involve some kinds of accumulation of bitcoin, and the best of the accumulation strategies is dollar cost averaging (DCA) that can also be supplemented with buying on dip and lump sum investing.  

Selling bitcoin to buy more is a way the fuck inferior strategy, and likely should not be attempted or followed until reaching decently high BTC accumulation strategies, and then ONLY playing with very small portions of your stash.  From what I have already seen from you, I doubt that you are even close to reaching decent levels of BTC accumulation, so yeah even if you have gotten up to currently valid entry-level BTC accumulation goals, such as 0.21BTC, I would be quite surprise.  

With your forum registration date of May 2016, you should have been able to reasonably and prudently accumulate in the ball park of about $57k  to about $570k in BTC value.. depending on if you had a more wimpy BTC accumulation strategy of something like $10 per week or a more aggressive BTC accumulation strategy of $100 per week... of course, retrospectively we can see that the $100 per week would have been a better strategy that would have gotten you about 9.65 BTC as compared with ONLY $10 per week would have merely gotten you about 0.965 BTC.. but still not even too bad, even with a $10 per week strategy.

The success or failure of your involvement in BTC and how you have "dabbled" with BTC can be compared to where you would have been on a DCA strategy versus at what various lame-ass points that you likely find your lil selfie to be in currently, and for sure it is not too late to learn, even if you have also demonstrated a lot of ongoing resistances (and perhaps inabilities) to actually learn anything.. even little basic things.  Sucks to be you, no?

BTW, there are several WOers that I'd like to meet IRL. You can hate me for this, but proudhon is one of them.

It's not worth it.

Don't get lured into it.

 

What about if proudhon is a hot girl willing to suck ur cock? 

[JimboToronto]

Good afternoon Bitcoinland. Happy Thanksgiving to those in the USA. We had ours over a month ago. I personally think every day should be thanksgiving day.

Up a little but still under $60k... currently $59140USD/$74792CAD (Bitcoinaverage).

Time for some serious upward movement.

Go Bitcoin go.

This is not an Instagram "like" contest.....just sayin...

Bingo. We seem to be having a rash of clueless noobs spamming us with BS meme links.

I find the one with the shitcoin dog over the word "Bitcoin" particularly offensive.

[JayJuanGee]

Proudhon posted, let's get ready for a new ATH  

Not likely, the bull cycle is finished. Think of it as if we are at February 2018, it’s over until 2024.

Does not seem like it Billy.

You already had your opportunity to call the bear market in the summer (2021 of course), and it has become obvious that you were not correct about such bear market..... including your earlier ridiculous (and likely disingenuine calls for sub $10k.. totally ridiculous - especially since even then lower than the 208-week moving average which was then around $14k and currently is about $18k).    

Anyhow, our current BTC price performance does not appear to be anything close to what had happened in February 2018.. so you need to pick some kind of better comparison... perhaps you would like to compare our current BTC price location to some time in 2013.. but where would you pick?  We did have a kind of double top in 2013.... but it seems to be no where near the seeming double top that theoretically we could be experiencing currently... unless the double top of now is not quite over yet and then we get some more run up in this particular cycle.

I will grant you (even though you did not say it in your disingenuine little dweeb assertions) that we cannot necessarily expect patterns to play out the same, but even you are trying to get us to compare previous locations on the BTC historical charts.. and so far it seems that somewhere in late 2013 would be more closely aligned than early 2018.. .alternatively, we might be able to compare late 2017 to where we are at now.. .. but there was not really any kind of double top in 2017.. unless we consider August 2017 or so to have been a kind of double top from earlier in the year, and so you know where we went after that, no?

Anyhow, we will see what happens, even though it is hardly even worth it to be responding to your ongoing assertions that hardly seem to be even close to attempting to deal with actual facts or logic rather than your ongoing efforts to just throw out conclusory nonsense assertions.

BTW, there are several WOers that I'd like to meet IRL. You can hate me for this, but proudhon is one of them.

It's not worth it.

Don't get lured into it.

 

What about if proudhon is a hot girl willing to suck ur cock?  

Still seems pretty risky to me.. but hey maybe you and AlcoHoDL can go on your date with proudhon together like two teenage girls who taking security precautions and then maybe such date could be approved first.. go to the skating ring, and then go for slurpies.. and then see how the situation feels.  #nohomo


hahahahahahahaha

Sensors picking corn CCMF action coming soon to a chart near you!

Thank you, proudhon.

BTW, there are several WOers that I'd like to meet IRL. You can hate me for this, but proudhon is one of them.

I share the same sentiment... would go to the pub with him/her.

Thx proudhon!

Might as well include you on the proudhon date with AlcoHoDL and serveria.com.

Sensors picking corn CCMF action coming soon to a chart near you!

Thank you, proudhon.

BTW, there are several WOers that I'd like to meet IRL. You can hate me for this, but proudhon is one of them.

It'd be fun to meet up. Maybe at the next $10,000 bitcoin party?

Do you suck dicks?

Asking for a friend.

Sensors picking corn CCMF action coming soon to a chart near you!

Thank you, proudhon.

BTW, there are several WOers that I'd like to meet IRL. You can hate me for this, but proudhon is one of them.

It'd be fun to meet up. Maybe at the next $10,000 bitcoin party?

Can u just shut the fuck up and blow your self


Talking bla bla bla bla bla bla end your life for selling btc to quick maybe? Maybe a idea mmokay mmmmokay

Hey...Dakustaking76... your potentially ruinin dee moo...    


We would not want proudhon to be wasting any blowing efforts on anybody other than deserving WO peeps.

Sensors picking corn CCMF action coming soon to a chart near you!

Thank you, proudhon.

BTW, there are several WOers that I'd like to meet IRL. You can hate me for this, but proudhon is one of them.

It'd be fun to meet up. Maybe at the next $10,000 bitcoin party?

Sure when 0.01 btc = 10k

I will fly to England for a meet up.

Hell I may do it if

0.1 btc = 10k

Don't do it.

It is better to get assurances from proudhon first regarding certain things that s/he/it can do.  #justsaying.

[ChartBuddy]

Explanation

[JayJuanGee]

Condolences to anyone who will be facing "Bitcoin fell $12,000" around the dining table today.

Ask them how much money they’ve made in the last 12-18 months (realised or unrealised). Show them your bitcoin balance & tell them what the price was 12-18 months ago. That will wipe the smile from their HFSP faces.

Happy Thanksgiving WO.

Don't show anyone anything. They'll only come around begging later.

That's a decent point Richie....

I tend to work with hypotheticals to help them to get the exponential ideas.

So, for example, depending on the timeframe, I will take some hypothetical amount that might reasonably be within their budget, and I will say something like:

"Let's say that in late 2013 you had something like $10k that you wanted to invest into bitcoin.   I am not even saying that this is the amount that I invested, and you invested that $10k over then next year or maybe even it took you 2 years to accomplish investing up to $10k... sure you could have had some $250 coins and even $500 coins, but you screwed up several times, and you came out of that mess by late 2015 with about 10 BTC and an average cost per BTC of $1k.  So then we can see the value of your BTC holdings at various points in late 2017 and in 2018 and in the lows in 2020 and in the highs of 2021... so yeah, you would have had 20x price appreciation and then only 3x and then back up to 10x and then up to around 69x."


Of course, you can make similar comparisons for 12 to 18 months and to use hypotheticals.  So I would use something like March 2020 getting involved in bitcoin and taking until September to get to $10k investment into bitcoin which would be 1 BTC with an average cost of $10k per BTC (because you had screwed up), but $10k per BTC still remains an easy and round number to attempt to show that you would have gotten a 6.5x increase that sunk down to 2.8x and then came back up to 6.9x and now is bouncing around between 5.5x and 6x-ish give or take.

[ChartBuddy]

Explanation

[JayJuanGee]

Sensors picking corn CCMF action coming soon to a chart near you!

Thank you, proudhon.

BTW, there are several WOers that I'd like to meet IRL. You can hate me for this, but proudhon is one of them.

It'd be fun to meet up. Maybe at the next $10,000 bitcoin party?

You misspelled $1,010,000.

I think he really meant $10, with 3 decimal places.





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... per sat.

I am thinking that the full supply of sats after all the BTC are mined would be 2.1 Quadrillion, but in today's values, there are only about $1 quadrillion in reserve assets (various ways that value is stored), so maybe at best we could expect around $.50 per sat (in today's dollars), but hey what do I know.

On a similar note, I recall that a few years ago, one of our wall observer regulars had been ongoingly making the argument that the BTC is likely going to end up increasing the amount of value in the world which would thereby increase the potentiality of how high the BTC price could go (the name of the member making that argument is escaping me at the moment, but with a little research we could probably identify the member and the threads of arguments being made in that direction), and surely some of that hardly makes any sense if we consider value to be a kind of permanent thing, yet the longer that many of us are in bitcoin, we likely come around to be more receptive to some of the ideas that some value is likely also being created by the invention of bitcoin (and even including some of the copycat shitcoin projects that are likely going to end up getting absorbed into bitcoin but some of their largely ponzi scheme innovations may well end up creating some value and increasing the amount of value in the world.. perhaps? perhaps? perhaps?)...

So then perhaps we might say that the greatest potential in today's dollars would be that sats would have the potential of reaching $.50 per sat, but if we account for various kinds of increasing value that could come through the invention and various innovations of bitcoin through the years and by the time that it is able to reach up to $.50 per sat, there may well be sufficient multiples or even magnitudes of value increase to allow sats to be valued at $5 per sat or even $50 per sat, even though I would have quite a few doubts about $10k per sat.. because it is quite difficult to consider those kind of levels of magnitude of extra value creation.. but I suppose, never say never, even if some of us (including yours truly) has doubts about how far BTC might be able to progress beyond something like $.50 per sat or even $5 or $50 per sat... kind of far into the future to see something like that too, no?

[LFC_Bitcoin]

Promising day for King BTC today. If we can close the week at a similar price then next week we could break out.



Look I spotted BillyNoCoiner



@CarlBMenger
Live footage of the plebs not buying the last #Bitcoin  dip before the God candle to #100k:
https://twitter.com/carlbmenger/status/1463877207986786311?s=21

hives medically crossword

[ChartBuddy]

Explanation

[serveria.com]

Promising day for King BTC today. If we can close the week at a similar price then next week we could break out.



Look I spotted BillyNoCoiner



@CarlBMenger
Live footage of the plebs not buying the last #Bitcoin  dip before the God candle to #100k:
https://twitter.com/carlbmenger/status/1463877207986786311?s=21

hives medically crossword

Ouch! 

[cAPSLOCK]

For YEARS during bull markets we get to a point like this and we wonder.. whoa, is this it?  Did we top out?  Did I miss my chance to sell at the top (why are you selling at all? (not that there are not good reasons to! But if you probably weren't selling in the first place... then why the fear/regret?))

And most times with the conditions the way they are right now we would most CERTAINLY NOT be seeing the top already, but a pullback on the way up.  

Here's a little reality to put it in perspective:



So, not to say history generally repeats itself, but it most certainly does "rhyme" from time to time as M. Twain was attributed to have said.



Which one of these verses are we hearing read from the book of history THIS time?

[OutOfMemory]

Lately, i'm honestly asking myself if i should just sell most of my stash if Proudhon gets bullish someday.

For YEARS during bull markets we get to a point like this and we wonder.. whoa, is this it?  Did we top out?  Did I miss my chance to sell at the top (why are you selling at all? (not that there are not good reasons to! But if you probably weren't selling in the first place... then why the fear/regret?))

And most times with the conditions the way they are right now we would most CERTAINLY NOT be seeing the top already, but a pullback on the way up. 

...



Which one of these verses are we hearing read from the book of history THIS time?

From my point of view, i just see this giant falling wedge  

[ChartBuddy]

Explanation

[Biodom]

The market is weird right now.

As The Dude would say : "Lotta ins, lotta outs, lotta what have yous".

[Syke]

Happy turkey day. May your meat be moist!

[UnDerDoG81]

Lets speculate, was Bitcoin made because the globalists want us to get used to digital currencies before they implement their own? Or was it made because somebody foresaw these days we live in right now and gave us a way out? Hopefully its the 2nd.

I think this video from George is very important to watch and share with family and friends.

https://www.youtube.com/watch?v=dtwrn1eUqkU&ab_channel=GeorgeGammon

[Richy_T]

Lets speculate, was Bitcoin made because the globalists want us to get used to digital currencies before they implement their own? Or was it made because somebody foresaw these days we live in right now and gave us a way out? Hopefully its the 2nd.

I think this video from George is very important to watch and share with family and friends.

https://www.youtube.com/watch?v=dtwrn1eUqkU&ab_channel=GeorgeGammon

Well, you know, Bitcoin is used by scoundrels and criminals.

Which is why the government hasn't banned it yet.

[naim027]

Every. Single. Fucking. Time.

[Arriemoller]

Lets speculate, was Bitcoin made because the globalists want us to get used to digital currencies before they implement their own? Or was it made because somebody foresaw these days we live in right now and gave us a way out? Hopefully its the 2nd.

I think this video from George is very important to watch and share with family and friends.

https://www.youtube.com/watch?v=dtwrn1eUqkU&ab_channel=GeorgeGammon

Ok, time for a reality check.

"The global elite" are already ruling the world, and they have always done so.
"the global elite" is simply the richest people on the planet at any given time, in medieval times up till the industrial revolution it was royalty and nobility and a few banksters, like Rothschild, who would eventually be elevated to nobility as well.

The elite today is not the same as yesteryear, and the elite tomorrow will be someone else, it changes all the time, with some exceptions, it's just those that happen to be rich and therefore by default powerful.

The very richest seem to be able to keep their wealth trough the generations though, probably because it's easier to hedge against disaster the richer you get.

They rule the world not because they have a secret club where they meet and come up with plans, but because they usually have the same interests and goals, because they are rich.

And because they are rich they will be listened to and admired, and people will do their bidding, and this is not even (mostly) a conscious process, it's just human nature.

So, "the global elite" has always been there in some form or other, and they always will, the best you can do is to recognize this and work with it. Preferably by becoming one yourself.

Edited.