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

[JayJuanGee]

Enjoying the BTC price action, it's time for a break of the ole 4 year cycle and a new ATH mid 2022, don't you agree? Well, some of you at least  

I would argue and have argued that an ATH anywhere in 2022 could still be considered within a 4-year cycle way of framing the BTC price dynamics - even though technically it is not exact - and anyone expecting a price theory to follow exactness is overly caught up in likely to be meaningless technical details.  Let's see how such an ATH in 2022 plays out (if it does?) and if it were to continue past 2022 or peak out and have a large ass (such as in the ballpark of 60%+ correction) in 2022, 2023 or thereafter (if it does?), and then see what we are going to call it (or reframe it) after we have actual facts that flesh it out a bit... which is seeming way too early to say that we are going to call it a breaking of the 4-year cycle based on where we are at, currently, as I type this post.  

In other words, I will believe it when I see it.

In other words, I would like the facts to actually help me to understand and to dictate (frame) what we have, rather than a speculation of the facts that have not played out yet... and may well not even play out in any manner anticipated or they might end up just falling back into our previous framework.,. we don't know yet.

Gentlemen,

I've reached full Lambo, at least to my personal taste. My Lambo does 0-100 in 3.0s on average, and has an average top speed of 275 km/h. I like how it has all the advantages of a 2-cilinder internal combustion engine, as well as all of the advantages of a dual motor electric vehicle.



Thank you Bitcoin.

And thank you to some shitcoins

Why is it so strange that you like to post your consumption pictures at times in which it is quite ambiguous about cashing out any BTC...

I am not striving to hate on your consumption.. but just seems to be a weird pattern of yours... .,. remember at $600/700 in late 2016, when you were doing the same thing?  and you also did it at a kind of weird time in terms of when you got your Tesla, no?  or maybe that time was more normal during the early 2021 run up to to $64,895, no? For sure, you are not the ONLY one.. but still comes off as strange with weird mixed messages for this here cat.

[jojo69]

[JayJuanGee]

Opposite with bitcoin, no?

[Hueristic]

Gentlemen,

I've reached full Lambo, at least to my personal taste. My Lambo does 0-100 in 3.0s on average, and has an average top speed of 275 km/h. I like how it has all the advantages of a 2-cilinder internal combustion engine, as well as all of the advantages of a dual motor electric vehicle.



Thank you Bitcoin.

And thank you to some shitcoins

Congrats!

Amusing activity/post ratio you got there.

Code:

Activity: 1111
Merit: 762
Posts: 1111

Tbh 1-2 days sick but today almost nothing anymore …. I expect tomorrow running will be an option, full Crossfit later next week…

Ahh, to be young again!
Hey, didn't you have this before?
I thought that was those hospital bed shots you dropped were?

[julian071]

Why is it so strange that you like to post your consumption pictures at times in which it is quite ambiguous about cashing out any BTC...

I am not striving to hate on your consumption.. but just seems to be a weird pattern of yours... .,. remember at $600/700 in late 2016, when you were doing the same thing?  and you also did it at a kind of weird time in terms of when you got your Tesla, no?  or maybe that time was more normal during the early 2021 run up to to $64,895, no? For sure, you are not the ONLY one.. but still comes off as strange with weird mixed messages for this here cat.

There is no pattern to me buying stuff that relates to the price of BTC. I know for you that would be the way to go about it, for me it's more about how life unfolds and what I like to do in that moment. As we all know you are much better at managing your stash then me and that's just the way it is. But on the other hand, I have a Lambo

[El duderino_]

Gentlemen,

I've reached full Lambo, at least to my personal taste. My Lambo does 0-100 in 3.0s on average, and has an average top speed of 275 km/h. I like how it has all the advantages of a 2-cilinder internal combustion engine, as well as all of the advantages of a dual motor electric vehicle.



Thank you Bitcoin.

And thank you to some shitcoins

Congrats!

Amusing activity/post ratio you got there.

Code:

Activity: 1111
Merit: 762
Posts: 1111

Tbh 1-2 days sick but today almost nothing anymore …. I expect tomorrow running will be an option, full Crossfit later next week…

Ahh, to be young again!
Hey, didn't you have this before?
I thought that was those hospital bed shots you dropped were?

Naaaah  first time…

Those shots was a different story which ended well, luckily.

[El duderino_]

Why is it so strange that you like to post your consumption pictures at times in which it is quite ambiguous about cashing out any BTC...

I am not striving to hate on your consumption.. but just seems to be a weird pattern of yours... .,. remember at $600/700 in late 2016, when you were doing the same thing?  and you also did it at a kind of weird time in terms of when you got your Tesla, no?  or maybe that time was more normal during the early 2021 run up to to $64,895, no? For sure, you are not the ONLY one.. but still comes off as strange with weird mixed messages for this here cat.

There is no pattern to me buying stuff that relates to the price of BTC. I know for you that would be the way to go about it, for me it's more about how life unfolds and what I like to do in that moment. As we all know you are much better at managing your stash then me and that's just the way it is. But on the other hand, I have a Lambo

We save BTC to be financial free…

Which is; providing us some tools which makes us happy….

Better to buy and use them cause whiteout knowing time is up and our body lays between the wooden planks…

The coffin is for everyone, one just needs to decide ending in one with a lot of BTC or with some BTC and lots of experiences….

I know my choice.

[ChartBuddy]

Explanation

[OutOfMemory]

SURPRISE; SURPRISE...

Antigen test before going to sleep turned out to be positive.
This time i took the test when my nose was running, as it did before a few times today. Additionally i harrumphed a few times and spit in a glass, put the nasal swab into that for a short moment, then went on with the analysis of the sample: Two euqally dense red lines after about half a minute.
So that's it. My ticket out of vaccination mandate for half a year after being tested negative again.

Will delay my scheduled photoshoots, however  

[cAPSLOCK]

*sigh*

This whole CSW back on twitter thing is horrible.  The BSV camp has been upping the volume on their silliness for some time now, and this is just taking it to the next level.

I know I should just ignore it.  But for some reason it's like passing a car wreck.  I can't help but look.

I almost can't believe I am actually glad for COPA.

[OutOfMemory]

*sigh*

This whole CSW back on twitter thing is horrible.  The BSV camp has been upping the volume on their silliness for some time now, and this is just taking it to the next level.

I know I should just ignore it.  But for some reason it's like passing a car wreck.  I can't help but look.

I almost can't believe I am actually glad for COPA.

This is internet-diarrhea. At some point it will be wiped away, like the success of BSV 

[cAPSLOCK]

Why is it so strange that you like to post your consumption pictures at times in which it is quite ambiguous about cashing out any BTC...

I am not striving to hate on your consumption.. but just seems to be a weird pattern of yours... .,. remember at $600/700 in late 2016, when you were doing the same thing?  and you also did it at a kind of weird time in terms of when you got your Tesla, no?  or maybe that time was more normal during the early 2021 run up to to $64,895, no? For sure, you are not the ONLY one.. but still comes off as strange with weird mixed messages for this here cat.

There is no pattern to me buying stuff that relates to the price of BTC. I know for you that would be the way to go about it, for me it's more about how life unfolds and what I like to do in that moment. As we all know you are much better at managing your stash then me and that's just the way it is. But on the other hand, I have a Lambo

I think this balance is so important.  I have thought a lot about what I will leave my kids.  And to be honest one thing I am afraid of is just handing them more money than they could ever spend, and possibly ruining their lives by doing so.

This is as compelling a reason to enjoy the fruits of my risk even when it might not be "the best time".  I have several times told the story of buying my wife an I a trip for an anniversary.  A week on an island cost an amount that would equal a really nice car TODAY.  And I expect that sometime in the next few years the expense will be a significant percentage of a house on that same island.

And my smart wife asked why we were going to do that.  My answer was simple.  We had lived through thick and thin with this stuff, and there are two basic outcomes if we spend a little now:

1.  Bitcoin goes up so much tat our trip will have cost a car or house worth of money in the not so distant future.  But this is a 'problem' we most certainly WANT to have!

2.  Something unexpected makes Bitcoin not work, and eventually what we have is worth very little... Well, we got a week in paradise out of it at least!

Win/Win.  And at least 'till now it's turning out to be #1.  And I do not regret it one bit.

We die.  And random ass shit can take us out. And a bunch of 256 bit number are not going to mean ANYTHING after we are gone.  And like I said, though I want to bless my kiddos I don't want to make life so easy they drown in it.

I *WILL* be buying my Lambo, or Ducati, or East TX ranch, or island house (it's that last one, by the way...), and it will be filled with the finest wine, and whisky, good food, and whatever accoutrements my wife wants.  And maybe one day Strawbs will come over and drink some of that whisky and look at the sunset.  Maybe others of you can come for a visit too!

And it's not going to be that far in the future either...  Many of us have been at this for over a decade.   There is NOTHING wrong with enjoying the spoils.  Just as there is nothing wrong with living simply and dying rich if you want to.  But I'll be doing the former.


*EDIT* The Dude said the same thing, but with much greater economy of words.

We save BTC to be financial free…

Which is; providing us some tools which makes us happy….

Better to buy and use them cause whiteout knowing time is up and our body lays between the wooden planks…

The coffin is for everyone, one just needs to decide ending in one with a lot of BTC or with some BTC and lots of experiences….

I know my choice.

[d_eddie]

for me it's more about how life unfolds and what I like to do in that moment.

Many of us have been at this for over a decade.   There is NOTHING wrong with enjoying the spoils.  Just as there is nothing wrong with living simply and dying rich if you want to.  But I'll be doing the former.

Better to buy and use them cause whiteout knowing time is up and our body lays between the wooden planks…

The coffin is for everyone, one just needs to decide ending in one with a lot of BTC or with some BTC and lots of experiences….

Bring into your grave
Rosy sunsets, lambos
Don't bring your bitcoin


#haiku

[julian071]

In the NL we say: A shroud (lijkwade, a shroud for the dead) has no pockets.

It is indeed, like cAPSLOCK so uneconomically said, about finding a balance.

BTW I do have a separate BTC address for my daughter. 

[nanobtc]

Well said, cAPSLOCK.

[ChartBuddy]

Explanation

[OutOfMemory]

@cAPSLOCK:

When you know in advance what you are going to do with your corn, you have a big advantage. You can't get distracted too easily, and your children will inherit that from you. Even if they get fuck-you-rich through some part of your Bitcoin, they should know how they handle it well, at least have a good idea about it.
Now, by acting this grounded way your words make me believe you do, you are teaching them how to find balance between humbleness and living a (possibly) financially free life.
I think you can't do much more than that.

EDIT: They learn to verify, and how to keep faith as well from you, i suggest.

Despite the light headache and scratchy throat, i will take my nightly nap now. Have a good #hodlsleep

[sirazimuth]

Tonight I went out to eat with an old friend I've known for almost 50 years.
We were roommates for awhile back in the eighties and threw many parties at the house we rented.
We always had a great band booked too. (the ones I played in, so that made bookings easy and convenient)
We were like two aging boomers reminiscing at the bar. He's the social type (unlike me) and was chatting with the folks next to him, as well as myself.
So he knows I'm a bitcoiner. I tried talking him into the club many years ago to no avail.
Now he thinks he missed the train. I simply told him, as I tell anyone that brings up the subject in conversation, (I never bring it up myself, a rule I strictly adhere to) "its never too late to buy bitcoin."
When the bill came, he was ready to split it. I was like, "no worries brother, I got this one." I also told the bartender to put the the tab of the friendly folks sitting next to us on the bill.
They thought I was joking. I said no, I'm serious. They were very grateful and dumbfounded. "Thank you, sir, that's never happened to us before. You are very kind."
I replied "my pleasure. Pay it forward when, like me, you have the ability to do so."
It felt really good to be generous to random friendly strangers you meet on a random night out. I cant take it with me, so that's the kind of thing I like to do with my corn.

Thank you bitcoin.

(edited punctuation etc.)

[ChartBuddy]

Explanation

[JayJuanGee]

Why is it so strange that you like to post your consumption pictures at times in which it is quite ambiguous about cashing out any BTC...

I am not striving to hate on your consumption.. but just seems to be a weird pattern of yours... .,. remember at $600/700 in late 2016, when you were doing the same thing?  and you also did it at a kind of weird time in terms of when you got your Tesla, no?  or maybe that time was more normal during the early 2021 run up to to $64,895, no? For sure, you are not the ONLY one.. but still comes off as strange with weird mixed messages for this here cat.

There is no pattern to me buying stuff that relates to the price of BTC. I know for you that would be the way to go about it, for me it's more about how life unfolds and what I like to do in that moment. As we all know you are much better at managing your stash then me and that's just the way it is. But on the other hand, I have a Lambo

I think this balance is so important.  I have thought a lot about what I will leave my kids.  And to be honest one thing I am afraid of is just handing them more money than they could ever spend, and possibly ruining their lives by doing so.

This is as compelling a reason to enjoy the fruits of my risk even when it might not be "the best time".  I have several times told the story of buying my wife an I a trip for an anniversary.  A week on an island cost an amount that would equal a really nice car TODAY.  And I expect that sometime in the next few years the expense will be a significant percentage of a house on that same island.

And my smart wife asked why we were going to do that.  My answer was simple.  We had lived through thick and thin with this stuff, and there are two basic outcomes if we spend a little now:

1.  Bitcoin goes up so much tat our trip will have cost a car or house worth of money in the not so distant future.  But this is a 'problem' we most certainly WANT to have!

2.  Something unexpected makes Bitcoin not work, and eventually what we have is worth very little... Well, we got a week in paradise out of it at least!

Win/Win.  And at least 'till now it's turning out to be #1.  And I do not regret it one bit.

We die.  And random ass shit can take us out. And a bunch of 256 bit number are not going to mean ANYTHING after we are gone.  And like I said, though I want to bless my kiddos I don't want to make life so easy they drown in it.

I *WILL* be buying my Lambo, or Ducati, or East TX ranch, or island house (it's that last one, by the way...), and it will be filled with the finest wine, and whisky, good food, and whatever accoutrements my wife wants.  And maybe one day Strawbs will come over and drink some of that whisky and look at the sunset.  Maybe others of you can come for a visit too!

And it's not going to be that far in the future either...  Many of us have been at this for over a decade.   There is NOTHING wrong with enjoying the spoils.  Just as there is nothing wrong with living simply and dying rich if you want to.  But I'll be doing the former.


*EDIT* The Dude said the same thing, but with much greater economy of words.

We save BTC to be financial free…

Which is; providing us some tools which makes us happy….

Better to buy and use them cause whiteout knowing time is up and our body lays between the wooden planks…

The coffin is for everyone, one just needs to decide ending in one with a lot of BTC or with some BTC and lots of experiences….

I know my choice.

Seems that bitcoin provides an opportunity that you are likely to be able to have both...

Remember?

Why not both?

Now if you try to cash out way too much too soon, then you will never be able to build up enough principle.

But getting through a whole cycle provides quite a bit of freedom and options, and getting through a couple of cycles provides more freedoms... especially if you maintained some semblance of management over your BTC stash..and sure a bit of front-loading at various points early on or just aggressively DCA'ing has historically been helpful to provide more options later, too..

I am not a very BIG prescriber to valuing your BTC in terms of what it ended up being valued at later (like complaining that you spent too many BTC blah blah blah), because you did have the choice to splurge by using your BTC or by using lesser forms of value such as fiat and/or even to spend and replace portions of your BTC so that you were not necessarily spending your BTC at a bottom of a correction, without mitigating some of the impact on your total investing/savings preferences.