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

[ChartBuddy]

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[Unknown Op]

Bitcoin BTC 😉



TWITTER

[ChartBuddy]

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[ChartBuddy]

Explanation

[ImThour]

https://twitter.com/WhaleChart/status/1609917049400172546

[ChartBuddy]

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[ChartBuddy]

Explanation

[Phil_S]

We just had the block 770000 today, which is 2/3 of the way to new halving:

[
block 630000 = halving
...
...
...
block 700000
...
...
...
block 770000
...
...
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block 840000 = halving
]

Just some useless information to start a New Year. 

[ChartBuddy]

Explanation

[JimboToronto]

Good morning and a belated happy new year Bitcoinland. Still plodding along sideways in the $16.7kUSD/$22.7kCAD range.

Spent yesterday recovering from 3 weeks of hectic working and partying. I noticed years ago that hangovers were always worse on New Year's Day, even when drinking one's usual amount. A global shared hangover perhaps?

Sent the wife down to Mexico City for Xmas with her family. Will meet her in Cancun around the middle of the month. Maybe I'll get to post here more. I'll still be busy though. Had to wait until the new year to liquidate enough coins to keep paying the taxman his monthly pound of flesh. Buying a house last year kept me in the top tax bracket. Should be better this year.

https://youtu.be/TpqHCrn-f-8

https://imgur.com/gallery/730s4wl

 The tech is impressive.  The last images of a "bot" farm I saw consisted of rows of ipads operated by humans (China I think).

Remember when the internet was hailed as the Information Highway? Now it seems more like the Disinformation Superhighway.

[Unknown Op]

#Bitcoin BTC 🙌



TWITTER

[eXPHorizon]

snip

Too bad people really hate it aint it ? Its gonna get worse ^^

[BobLawblaw]

What brainchild, and who is Marcus?!

You guys are highly intelligent, so don’t play dumb on me boy.
-1 WO’s merit

Sorry. Genuinely ignorant here. You're going to need to explicitly spell it out for me.

[ChartBuddy]

Explanation

[JayJuanGee]

Why's he blocking me?

Maybe because you’re not who you claim to be either.

Hahahahaha

Let's attack homer.


Homer is a phony.





Homer is a phony.







Homer is a phony.







Homer is a phony.






Homer is a phony.



This is fun.


 

HODLing is a strategy that is not time bound rather target bound. If we didn't see any ATH in 2023, that doesn't mean we start selling our BTC rather continue HODLing. Remember Dec 2017 bull run that's followed by bear market that lasted for approx 3 years before we saw latest ATH of 67k$.

Your points are a wee bit confusing.
~~~~
We could even trajectory out BTC's price, and maybe we get 10% price appreciation per year for several years in the future... and yeah, that would not be great, but it still may be possible that bitcoin is a good investment.. even with relatively mediocre performance in the coming years.. which I am not even suggesting that it is highly likely to happen, but I am suggesting that it would be a good thing for any of us to be prepared ourselves financially and psychologically for a wide variety of scenarios to happen, even various less likely scenarios.

My reply was based on post from serveria.com

There is great discussion regarding whether we will see ATH in coming year or not. Even there is a pole that whether we will see ATH in 2023 or 2024. If we dont see ATH in 2023 (or we dont see our BTC in profits by good margins) then what will be strategy? sell or HODL? What I want to say is that in such   case one must HODL until he see his target price. I dont think there is point in HODLing the Bitcoin foreve, sell when you are getting good profit.

Hope that clarifies my point.

I'm thinking that your point is even MOAR worser now that you clarified it.

I will repeat my point.  Each of us are likely to be able to profit stupendously from bitcoin, even if it takes several years before it reaches a new ATH.

Reaching a new ATH is icing on the cake, including that it could happen as soon as 1st quarter 2023 (best case scenario) or it could take several years to happen.. and surely it may not even happen (which does seem a lesser - or even unlikely scenario).

Any investment strategy should surely figure out a way to include bitcoin whether starting out with 1% to 25% allocation into bitcoin or some other amount that is individually tailored and also a 4-10 year or longer investment timeline.

You might be considering that I am making the same point, or a similar point, but to me, it seems that my point is a wee bit different... so maybe it is difficult to communicate what I perceive to be important, yet frequently seemingly subtle, differences in the ways of framing investment approaches.. while trying to NOT be too critical.. but as I type, I am thinking that another aspect is that so many people retain somewhat subliminal ways of looking at bitcoin through the current fiat system, and I have been accused of the same because I frequently assert that people better fucking make sure that they project out their fiat expenses, and to assert that it is dangerous to go "all bitcoin."  How many folks got reckt because of these kinds of misreadings? 

Also, I remain a BIG advocate of the stock to flow model, even if the stock to flow model, may well need to be shifted downwardly on its axis and also there has also been needs to include other angles in terms of assessing stock to flow including how to prepare yourself psychologically and financially for either BTC price direction even while ascribing validity to stock to flow, but how many people (normies) got reckt for their seemingly overly reliance on stock to flow specifics? How many people are going to end up getting reckt here on out because they believe stock to flow is dead..? hahahahahaha  Don't blame me when people get reckt and they they say "you said.. blah blah blah.? 

Well, why didn't I get reckt?  Yet?  Consider that.

Actually, there are likely quite a few of WO regulars who did not get reckt.. but there may well be some portfolios that are doing better than other portfolios, but also depending on how they are being measured.. and sometimes it can be misleading to measure at specific snapshot times too... Nonetheless, we can still have our ways of making various arguments with one another and to say that "you should do this" or "you should have done that."  It's up to each of us, if we consider whether to make any adjustments at this point or at some time in the future in order to perhaps have better feelings about our investment portfolios. .and hopefully, BTC's ongoing role within that.

[TOXIC-ZY]

$BTC and $ETH outperformed major stock indexes on a risk-adjusted basis in 2022



Twitter

[philipma1957]

-snip-

You might be considering that I am making the same point, or a similar point, but to me, it seems that my point is a wee bit different... so maybe it is difficult to communicate what I perceive to be important, yet frequently seemingly subtle, differences in the ways of framing investment approaches.. while trying to NOT be too critical.. but as I type, I am thinking that another aspect is that so many people retain somewhat subliminal ways of looking at bitcoin through the current fiat system, and I have been accused of the same because I frequently assert that people better fucking make sure that they project out their fiat expenses, and to assert that it is dangerous to go "all bitcoin."  How many folks got reckt because of these kinds of misreadings? 

Also, I remain a BIG advocate of the stock to flow model, even if the stock to flow model, may well need to be shifted downwardly on its axis and also there has also been needs to include other angles in terms of assessing stock to flow including how to prepare yourself psychologically and financially for either BTC price direction even while ascribing validity to stock to flow, but how many people (normies) got reckt for their seemingly overly reliance on stock to flow specifics? How many people are going to end up getting reckt here on out because they believe stock to flow is dead..? hahahahahaha  Don't blame me when people get reckt and they they say "you said.. blah blah blah.? 

Well, why didn't I get reckt?  Yet?  Consider that.

Actually, there are likely quite a few of WO regulars who did not get reckt.. but there may well be some portfolios that are doing better than other portfolios, but also depending on how they are being measured.. and sometimes it can be misleading to measure at specific snapshot times too... Nonetheless, we can still have our ways of making various arguments with one another and to say that "you should do this" or "you should have done that."  It's up to each of us, if we consider whether to make any adjustments at this point or at some time in the future in order to perhaps have better feelings about our investment portfolios. .and hopefully, BTC's ongoing role within that.

I submit getting reckt is subjective.

Am I reckt?  my mining income is no longer 32k/4 per month it is more like 4k/4 per month.

So 8000 a month is now 1000 a month Is that reckt?

For some that would be reckt for me it is not why is that? $0 debt.

Yeah it was nice making 8k a month for some months in 2021 and for some months in 2022. It is not so nice making 1k per month.

But $0 debt and a good power deal means I am ready for uppity.

A rebound for BTC means my mining rebounds.

flatline for BTC means I can expand my btc gear and my btc holdings.

So this year 2023 at 14-18k means I dca I buy some dips. I grow my mine.
or this year at 28-38k means I dca           I keep mine size stable.

We all have plans one way  or the other.


I am set in the 14-18k range
I am set in the 28-38k range
I am set in the 56-100k range
I am set in the 101-200k range
I am selling and stopping all mining or dca in the  200k+ range.


on the downside I am good till around 6k at 6k I am not sure what mining will be for me as my power may not be cheap enough at that price.

[ChartBuddy]

Explanation

[Biodom]

-snip-

<snip2>Also, I remain a BIG advocate of the stock to flow model, even if the stock to flow model, may well need to be shifted downwardly on its axis and also there has also been needs to include other angles in terms of assessing stock to flow including how to prepare yourself psychologically and financially for either BTC price direction even while ascribing validity to stock to flow, but how many people (normies) got reckt for their seemingly overly reliance on stock to flow specifics? How many people are going to end up getting reckt here on out because they believe stock to flow is dead..? hahahahahaha  Don't blame me when people get reckt and they they say "you said.. blah blah blah.?  

Well, why didn't I get reckt?  Yet?  Consider that.

Actually, there are likely quite a few of WO regulars who did not get reckt.. but there may well be some portfolios that are doing better than other portfolios, but also depending on how they are being measured.. and sometimes it can be misleading to measure at specific snapshot times too... Nonetheless, we can still have our ways of making various arguments with one another and to say that "you should do this" or "you should have done that."  It's up to each of us, if we consider whether to make any adjustments at this point or at some time in the future in order to perhaps have better feelings about our investment portfolios. .and hopefully, BTC's ongoing role within that.

I submit getting reckt is subjective.

Am I reckt?  my mining income is no longer 32k/4 per month it is more like 4k/4 per month.

So 8000 a month is now 1000 a month Is that reckt?

For some that would be reckt for me it is not why is that? $0 debt.

Yeah it was nice making 8k a month for some months in 2021 and for some months in 2022. It is not so nice making 1k per month.

But $0 debt and a good power deal means I am ready for uppity.

A rebound for BTC means my mining rebounds.

flatline for BTC means I can expand my btc gear and my btc holdings.

So this year 2023 at 14-18k means I dca I buy some dips. I grow my mine.
or this year at 28-38k means I dca           I keep mine size stable.

We all have plans one way  or the other.


I am set in the 14-18k range
I am set in the 28-38k range
I am set in the 56-100k range
I am set in the 101-200k range
I am selling and stopping all mining or dca in the  200k+ range.


on the downside I am good till around 6k at 6k I am not sure what mining will be for me as my power may not be cheap enough at that price.

i think that all hodlers got rekt in a sense (if you had most before 2022) by losing 70% of the nominal value (measured in less ability to pay for typical things), although it is different in comparison to the situation when your coins were stolen either by a hack or by some unscrupulous, possibly criminal, and definitely negligible entity such as FTX, Blockfi, Celsius, etc, etc.
As far as breakeven for mining, people can tolerate negative return for a short time (I assume maybe half a year or a bit less).

[Gachapin]

... see our BTC in profits by good margins..

...until he see his target price.....

....I dont think there is point in HODLing the Bitcoin foreve,....

.... sell when you are getting good profit....

Hope that clarifies my point.

Yes it clarifies that you seem to be in BTC to get more fiat.

It clarifies that to you Bitcoin is probably not much more than a fiat money making machine.

How about trying to make your "good profits" somewhere else...?  ....maybe buy some noble coins from surpreme leader Vitalik ...so  you will make even more profits ... and more quickly at that...  

Wouldn't that be great?