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

[Torque]

I don’t know but my work place and my circle are all brand conscious dudes (none of them in bitcoin, except for one or two) so not upgrading to the latest iPhone kinda feels left out.

Just recently upgraded to iPhone 14 from a perfectly working 13 and wasted $490 for the device + protector and case another $50.

Clearly this is not the way.

Then you will feel the FOMO essentially forever, as the tech cycle treadmill of always having to be on the latest and greatest never ends.

Break the cycle, gain control of what you feel is important. Not living up to everyone else's expectations is liberation.

--------------------------

I remember the early years of working in corporate America. Everyone looked the same, dressed in the same bland styles, trends and brands, and always had to be on the latest smartphone, tablet, and other tech gadgets.

I got caught up in that too, for many many years.

I remember the style trend was increasingly heading dressing down, more and more casual to work. One day in my late twenties, I said fuck it. I'm going to dress in my OWN style of clothing to work, and not in everyone else's blandness. Which incidentally, was set to a higher standard of quality and sophistication than what most men were wearing to the office. I started wearing a nice wristwatch, nice pressed dress shirts and ties, dress pants, nice blazers and overcoats, and higher end dress shoes.

I felt a little out of place for a while, and other male colleagues would definitely give me weird side eye from time to time. I was in IT, but probably looked more like an executive or corporate lawyer. But at least I felt liberated and was happier.

Then one day as a meeting let out, a woman co-worker of mine (who I thought was very attractive) and I were left in a meeting room alone chatting about various life things. As we gathered our stuff and started to get up to leave, out of the blue she turns to me and says, "You know, I always thought that you are definitely one of the better dressed men in this whole company." She smiled, I mumbled a "thank you" or something, and then she walked away. (btw, we were both married at the time, so I don't believe she was hitting on me or anything.)

At that moment, I knew I had been on the right track for doing my own thing.    

[Hamza2424]

I have a Huawei tablet it is a decent piece of gear.

Is it one of the latest ones or any old model as I am curious about it because I was a big fan of Huawei Smartphones but after the google ban i haven't seen Huawei anymore in my local market. Huawei was quite impressive and almost at top of the competition suddenly something happened as google ban and Huawei is very rare now

[JayJuanGee]

Say $6.99 a bag of coffee not on sale and $2.99 on sale.  Make sure to buy 12 bags when it goes on sale to last till next sale.

That move alone has been worth more than 1 BTC as I have been doing it since 1996

Wow.  You have been into bitcoin a long time.  You must have lots of cornz with all that savings you've been doing.

For sure, I appreciate the idea of both living within your means, and figuring out various investments that relatively outperform other investments.

Most likely I had been too conservative for a large part of my life, yet it seems that prior to bitcoin, it was not so easy to get into investments, so I had mostly index funds and bonds and sure some property too.. but maybe overall too conservative... and for some reason when I saw bitcoin it just fit.. but I still did not really want to allocate too much to it.. so I tried to be aggressive, but not too aggressive.. that is part of the reason it took me a whole year to get up to 10% of my investment portfolio to be invested into bitcoin.. but even during that first year, I had not realized that my goal was going to end up being getting to 10%.. because the allowance (to buy bitcoin) that I gave to my lil selfie for the first 6 months and then for the second 6 months was just based on how much cash that I thought that I could muster up from cashflow and some various somewhat disruptive shuffelings of some of my cashflows and my investments that were likely going to happen around that time anyhow..  I was going through some transitions that required and/or justified moving things around, reconsidering allocations and some other factors that were somewhat spread out during that time frame.

So when I reflect upon on my first year of investing into bitcoin from late 2013 to late 2014, I was largely just diverting most of what I could spare (without really majorly disrupting anything else) into bitcoin.. so that by the time I got into a year of investing into bitcoin I could see that it was getting into the ballpark of around 10%-ish.. which seemed sufficiently aggressive enough for my then tastes (and my considerations of my historical conservative ways).. which caused me to psychologically feel that I could pause.. but part of my ongoing "problem" at that point was that after having had gotten a stake into bitcoin.. that kind of sunk cost fallacy contributed to my ongoingly continuing to buy into bitcoin for that whole next year in 2015 largely because the price was down.. and maybe even contributed to a kind of Martingale fallacy too.. but ended up really contributing to my over-doing my portfolio into BTC, even my own psychology and largely getting up to around 13.5% after another year of ongoingly buying bitcoin with various spare change etc.. even though I thought that I was buying a lot less during 2015 as compared with 2014.. but still I was having troubles not buying BTC during that time because throughout that whole year (2015) the BTC price was continuing to mostly hover around 50% of my average cost per BTC... so it just ongoingly was irresistible to buy BTC, even while I kept telling myself at the same time that "I have enough" "I have enough".. and at the same time, there were quite a few people (and even "good friends" telling me to either cash out or to stop putting anything more into bitcoin.. so if a I would get $200 extra that would come in from various income generating things that I was then doing, I would allocate half to bitcoin.. and then plug it into my bitcoin buying in various ways.. same thing if I got $10, then $5 would get plugged into bitcoin.. and all of my cashflow was already largely projected out for the next 18-24 months.. so I could fairly easily see if something coming in was extra cashflow outside of the projection or if it was part of the projection of something that was already expected to come in.. and already allocated).

Many of us longer time bitcoiners who are still in the game can appreciate that it can be difficult when the BTC prices are down for so long.. even right now, there are likely quite a few bitcoin newbies who are in the ballpark of less than 2 years into bitcoin and they are largely underwater but still continuing to buy bitcoin with a kind of dilemma in regards to having enough.. maybe even there are people who are 4 years or less into bitcoin feeling in similar ways.. about having enough but at the same time, considering current prices as somewhat irresistible to be ongoingly trying to muster up whatever they can to be buying right now.. even though they might still be having some trouble finding enough money and kind of having to defer a lot of gratifications while hoping that their ongoing persistence to keep some flow into bitcoin is going to end up having decently good odds of paying off down the road.... and for sure it is not guaranteed.. even though there likely continue to be feelings (for the folks who spent quite a bit of time to study and to know about bitcoin.. how many hours gets us to know about bitcoin?  10 hours is surely not enough.. but perhaps 100 is starting to help and 1,000 plus should be decent.. even though it seems that people who learn about bitcoin still continue to learn about it and study it even when they feel that they have gotten in enough hours to really get the hang of it.)

Let's say that any of us might have gotten into bitcoin in the past couple of years, and we had been somewhat aggressive in our bitcoin investment over that time.. maybe we have even acquired more than a whole bitcoin, but our average cost per bitcoin is still in the supra $30k price arena... so currently we are buying somewhere between $100 per week and $250 per week, and we are stretching our budget in order to continue to accumulate as many sats as we can at whatever the price happens to be and there is some ongoing satisfaction that the price is below the 200-week moving average while at the same time some trepidation that our total BTC holdings is still bordering on 50% in the negative...

What do we do if all of a sudden we have another $1,200 come into our cashflow that we had not expected.  I suspect that we are going to be inclined to want to spend something close to half on bitcoin right away.. but it may well be a wee bit more prudent to split such $1,200 into three parts.. and spend $400 right away and then plug $400 into our DCA over the next few months or however we want to divide it and then plug the other $400 over our buying on dips and plug that into our various already set buy intervals... so if we already have buy orders that are $100 each or perhaps more every $500 intervals down to $12k that might start at $16,000 or something like that, we still might have dilemmas regarding where to put that extra $400.. to spread it out or to just add it to each order that we already have or to put it more on one end or the other.    There can be a lot of dilemmas based on what we might have already been doing.. and perhaps we might feel that we have overly bought between $16k and $18k, so we don't even feel so great about DCAing in this price range, and we might just dedicate our whole $1,200 to buying on the dip.. that may or may not end up happening... so sometimes we can have stress in regards to what to do.. but no one can really help us very much about what to do except for our own figuring out of our own conviction and to be ready, willing and able to live with the consequences regarding how we decide to allocate our $1,200.. and sometimes if we are having trouble deciding right now, we might just plug the $1,200 in such a way that allows us to wait.. put it all at $11,500 or at $10k, even if we might consider that the BTC price will never go there, so in the meantime, we are considering if we should reconsider where to put it.   

If we use all of the extra $1,200 to buy right away.. then that can resolve the problem too.. it locks it in.. whether that is a good decision or not, we are the ones that have to live with such a decision and to consider whether we are going to waffle about it, or have ongoing anxiety about it.. or maybe even regret such decision for the next 6 months.  I still think about my mistake in late 2015 when the BTC shot from $250-ish to $500 of largely buying a bunch of BTC at close to $500 and using up nearly my then whole budget.. which ended up locking me into hardly having no money for several months. .and then having to restructure several things based on my then mistake.. and for about a few hours, it was not clear that I made a mistake because I felt so good to have been able to buy right around my then cost per BTC.. but then when the BTC price pretty much dropped all the way back down to $300, then took a while to get back to $400 and then got stuck in the lower $400s for nearly 6 months, I kept thinking about how dumb that was to have had established a plan, then to have deviated from the plan, and then had to revise my plan for the next 6 months because I blew my a large part of my wadd and that portion did not come back into profits until more than 6 months later...

Even though I have made several mistakes since then, I have not made that same mistake or even anything as close to what I would consider to be that level of deviation from my plan based on emotions, again... at least not so far.

[ChartBuddy]

Explanation

[BitcoinBunny]

Still using an iPhone 8, the bigger one, whatever they called it.

A new one seems kind of expensive to me but then so are cars these days I've noticed.

Inflation eh.

Might be hand me downs for a while for me with regards to phones, cars, heck even women considering my advancing years.

I can get an iPhone 12 Pro Max for about £570*. That is less than half of a new 14 pro max.
A new one makes no sense unless you want to throw money around.

I guess you CAN constantly trade in every year but I suspect it's still not going to work out cheaper.


Edit: Actually there is an offer on with 10% discount, so about £510.
I think that is ok value for a good recent phone. Expensive, but not stupidly. £1200 is just dumb unless you just don't care about money. Then sure, it's fine.

[AlcoHoDL]

I'm not as extreme as you, but close. I always buy new phones, and quite expensive ones, but I keep them for a very long time -- basically until they either die or can't do what I want. I currently have a Huawei P30 Pro (bought new for $900 in 2019). After 3.5 years it still feels like new, battery also feels like new (I'm quite puzzled by this -- how is there no degradation after 3.5 years?), its specs are great (AMOLED, 8 GB RAM / 256 GB storage), and its cameras are awesome (5x optical zoom, ultra-wide, good s/w). The way I see it, this phone should last for at least 3 more years. Still receiving security updates.

I also have that model, except that it's not the pro version, but it works perfectly well with 6GB of RAM and it's about as old as yours. I can only say that it is still in perfect condition, that I have never had any problems with it and that I really don't need to change it for at least another 3 years. Regardless of the fact that Chinese products are mostly considered to be of poor quality (which they mostly are), they also know how to make very high-quality things.

Smart watches from Huawei are also top-notch, especially in terms of battery autonomy, top-quality case and protective glass.

My P30 Pro is the best smartphone I've ever owned. The only "issue" with Huawei phones is that the latest models don't support Google Services (Play Store, Maps, YouTube, etc.). In fact, the P30 Pro is the last phone that is allowed to use them. This can be a big issue for many. There are some solutions to this, but the user experience is lacking compared to the real thing.

[shahzadafzal]

I have a Huawei tablet it is a decent piece of gear.

Is it one of the latest ones or any old model as I am curious about it because I was a big fan of Huawei Smartphones but after the google ban i haven't seen Huawei anymore in my local market. Huawei was quite impressive and almost at top of the competition suddenly something happened as google ban and Huawei is very rare now

I guess you mean the US ban... that happened during Trump's presidency when Washington banned Huawei, ZTE and a few other Chinese companies.

Google, Microsoft and other companies followed the order by complying to the instructions of the US Government.

Yes there was a time when Huawei was on its way to challenging Apple and Samsung but US sanctions crushed their dreams. That's why you don't see any new Huawei devices like before.

[Hueristic]

I don’t know but my work place and my circle are all brand conscious dudes (none of them in bitcoin, except for one or two) so not upgrading to the latest iPhone kinda feels left out.

Just recently upgraded to iPhone 14 from a perfectly working 13 and wasted $490 for the device + protector and case another $50.

Clearly this is not the way.

Then you will feel the FOMO essentially forever, as the tech cycle treadmill of always having to be on the latest and greatest never ends.

Break the cycle, gain control of what you feel is important. Not living up to everyone else's expectations is liberation.

--------------------------

I remember the early years of working in corporate America. Everyone looked the same, dressed in the same bland styles, trends and brands, and always had to be on the latest smartphone, tablet, and other tech gadgets.

I got caught up in that too, for many many years.

I remember the style trend was increasingly heading dressing down, more and more casual to work. One day in my late twenties, I said fuck it. I'm going to dress in my OWN style of clothing to work, and not in everyone else's blandness. Which incidentally, was set to a higher standard of quality and sophistication than what most men were wearing to the office. I started wearing a nice wristwatch, nice pressed dress shirts and ties, dress pants, nice blazers and overcoats, and higher end dress shoes.

I felt a little out of place for a while, and other male colleagues would definitely give me weird side eye from time to time. I was in IT, but probably looked more like an executive or corporate lawyer. But at least I felt liberated and was happier.

Then one day as a meeting let out, a woman co-worker of mine (who I thought was very attractive) and I were left in a meeting room alone chatting about various life things. As we gathered our stuff and started to get up to leave, out of the blue she turns to me and says, "You know, I always thought that you are definitely one of the better dressed men in this whole company." She smiled, I mumbled a "thank you" or something, and then she walked away. (btw, we were both married at the time, so I don't believe she was hitting on me or anything.)

At that moment, I knew I had been on the right track for doing my own thing.    

When I went to my first interview for a company called digital right after getting my degree there was 150 people all dressed the same.
Black suit white shirt and black tie.
I looked at the sea of fools, turned around and walked out, and started my own business.
I was wearing a tee shirt and jeans and there was no way I was going to wear a monkey suit to work.

My P30 Pro is the best smartphone I've ever owned. The only "issue" with Huawei phones is that the latest models don't support Google Services (Play Store, Maps, YouTube, etc.). In fact, the P30 Pro is the last phone that is allowed to use them. This can be a big issue for many. There are some solutions to this, but the user experience is lacking compared to the real thing.

I'll have to look into getting one of these when I need a new on as it took me forever to de-google my last one.

[Shan85]

💳 How can i buy crypto with your credit/debit card?

Source: Twitter @cryptocom

[ChartBuddy]

Explanation

[JayJuanGee]

https://www.walmart.com/ip/Eggland-s-Best-Vegetarian-Grade-AA-White-Eggs-Large-12-Ct/10324125?athbdg=L1100
$4.88

Looking at the label of that link:  Chickens are not vegetarians..

Those dumb fucks who are promoting that kind of language.     A cow is a vegetarian (mostly).. but good to eat, too.      A chicken is quite a bit less vegetarian than a cow.. especially since it does not have four stomaches.. but it does not have teeth either..... but still not a vegetarian, even though some vegetarians are willing to eat yummy and nutritious eggs, as compared to vegans who are totally nutso to think that their diet is actually sustainable and/or natural...

you guys just jelly that i am taking advantage of this range day trading scooping up more btc with each wave.  

Are you serious? Day-trading is just gambling. Buying an asset you see long-term value in and holding it long-term is investing.

The Bitcoin multi-millionaires here in WO didn't get rich by day-tarding. They did it by hodling through thick and thin regardless of the price.

Nobody here is jealous of the likes of you.

could have been richer had you sold the rips and bought the dips!  

you guys just jelly that i am taking advantage of this range day trading scooping up more btc with each wave.  

Yes you are picking up pennies in front of a steam-roller while many of us had picked up tens or even hundreds or perhaps even thousands of times more value back in early 2017 or even earlier than that.  Hard to be jealous when we see the potential or maybe better yet likely pain of you trying to risk ur lil selfie getting squished like a little bug for very small amounts of value, if you were even able to accomplish what you proclaim to be attempting.

I am the steam roller! Muahahahaha

maybe next season you can join me  I'm just having fun, let me pretend i can get rich af trying to setup and execute good trades.

Nobody is going to let you pretend, you lil diptwat.. except maybe your grandma.

We have seen all kinds of guys like you who like to project that they are ballers or whatever, and then they disappear when the BTC price goes up more than a few percentage points and recks the fuck out of their having had sold too much too soon because they believe that they are so smart and going to pick up more BTC at lower prices.

I believe that I am correct in the overall suggestion that I have been making in the past several years..  Maybe I have been making it since I started in bitcoin, but I found new ways of saying it?  But anyhow the overall suggestion is that you should not be trying to accumulate more BTC by selling it.  The better strategy is to accumulate more BTC by employing various ways to buy more of it and if you run out of money, you just HODL until you have more money coming in so that you are able to buy more.  

Of course once you get to to a sufficiently large stash that is sufficiently in profits, then you have way more options... Of course, what is a "sufficiently large stash" and what is "sufficiently in profits" is going to have various ways to frame such matters in terms of individual circumstances, yet for me neither of those ways of framing the ability to have more options means that having more options should cause anyone to be going balls to the walls and start to fuck around with trading or any of that bullshit, but there are likely ways that anyone might be able to rationalize aspects of his/her profits in such a way that they can use those profits for the playing of those kinds of trading practices which also can end up being set up as decently good ways to manage a portfolio and to possibly take advantage of ongoing and close to inevitable volatility in something like bitcoin without devolving into presenting themselves as some kind of big baller who has difficulties controlling/managing his/her ego.. which seems to be part of your issue, TrustedBitcoiner.

💳 How can i buy crypto with your credit/debit card?

Source: Twitter @cryptocom

Oh gawd.. looks like a lost puppy.  Has to be on purpose, no?  

Anyone got a 12 gauge shotgun?.. .These kinds of blatant shitcoinenings should be deleted.. but there is usually self-policing, no?  

Maybe you can reform your ways Shan85 and remove that crap from our view?  Is that too much to ask? you fuck...

[Hamza2424]

I have a Huawei tablet it is a decent piece of gear.

Is it one of the latest ones or any old model as I am curious about it because I was a big fan of Huawei Smartphones but after the google ban i haven't seen Huawei anymore in my local market. Huawei was quite impressive and almost at top of the competition suddenly something happened as google ban and Huawei is very rare now

I guess you mean the US ban... that happened during Trump's presidency when Washington banned Huawei, ZTE and a few other Chinese companies.

Google, Microsoft and other companies followed the order by complying to the instructions of the US Government.

Yes there was a time when Huawei was on its way to challenging Apple and Samsung but US sanctions crushed their dreams. That's why you don't see any new Huawei devices like before.

Yes US ban well Huawei was one who introduced the real concept of flagship features, as my dear fellow above-mentioned p30 pro was a massive success of Huawei but before that mate20 pro was the first highly featured Huawei smartphone. But unfortunately, now Xiaomi is on the replacement to Huawei.

[TrustedBitcoiner]

the pump continues, i wonder if ill get to buy back a few short bits   , the way i see it we cannot go higher without first testing support (16.9)    ... let me show my support!

[LFC_Bitcoin]

THE DUDE

[TrustedBitcoiner]

ah shit another green 1hr candle?

[ChartBuddy]

Explanation

[AlcoHoDL]

I'll have to look into getting one of these when I need a new on as it took me forever to de-google my last one.

Just to clarify, the Huawei P30 Pro includes Google Services, so you don't want that. You'll need to get any model after the P30 Pro (check to make sure). They are de-Googled by design, and you get the benefit of having a newer, better phone too. They do have Chinese versions of the equivalent services though (Petal Maps, Huawei AppGallery, etc.), so there's that. Not even sure if one can really avoid the Big Brother these days... 1984!

[Biodom]

Both bitcoin and small stocks are way up.
Either there will be good CPI numbers on the 12th OR they are pumping before dumping on us.
I have seen shorties performed "tricks' like this before.
Hence, I am not buying into a surge, but rather selling small amounts of stonks, not touching btc.
I don't think that we are done for the stonks downside yet (could be going up a bit first, though).

[OgNasty]

Both bitcoin and small stocks are way up.
Either there will be good CPI numbers on the 12th OR they are pumping before dumping on us.
I have seen shorties performed "tricks' like this before.
Hence, I am not buying into a surge, but rather selling small amounts of stonks, not touching btc.
I don't think that we are done for the stonks downside yet (could be going up a bit first, though).

It seems like the bond market has signaled that the Fed isn't going to be raising as much as they think, and markets are celebrating that.  Specifically with Bitcoin, it seems that the worst of the storm is behind us and the melting up has begun.  I expect this to last for quite some time, at least until profit taking for the halving takes place.  It's starting to look like this year is going to be smooth sailing though, at least until the mtgox distribution near the end of the year, but I suspect by then the market will be jumping into Bitcoin before the next bubble happens.  Hopefully that minimized the mtgox downside a bit.

[TrustedBitcoiner]

you guys just jelly that i am taking advantage of this range day trading scooping up more btc with each wave.  

Are you serious? Day-trading is just gambling. Buying an asset you see long-term value in and holding it long-term is investing.

The Bitcoin multi-millionaires here in WO didn't get rich by day-tarding. They did it by hodling through thick and thin regardless of the price.

Nobody here is jealous of the likes of you.

could have been richer had you sold the rips and bought the dips!  

you guys just jelly that i am taking advantage of this range day trading scooping up more btc with each wave.  

Yes you are picking up pennies in front of a steam-roller while many of us had picked up tens or even hundreds or perhaps even thousands of times more value back in early 2017 or even earlier than that.  Hard to be jealous when we see the potential or maybe better yet likely pain of you trying to risk ur lil selfie getting squished like a little bug for very small amounts of value, if you were even able to accomplish what you proclaim to be attempting.

I am the steam roller! Muahahahaha

maybe next season you can join me  I'm just having fun, let me pretend i can get rich af trying to setup and execute good trades.

Nobody is going to let you pretend, you lil diptwat.. except maybe your grandma.

We have seen all kinds of guys like you who like to project that they are ballers or whatever, and then they disappear when the BTC price goes up more than a few percentage points and recks the fuck out of their having had sold too much too soon because they believe that they are so smart and going to pick up more BTC at lower prices.

I believe that I am correct in the overall suggestion that I have been making in the past several years..  Maybe I have been making it since I started in bitcoin, but I found new ways of saying it?  But anyhow the overall suggestion is that you should not be trying to accumulate more BTC by selling it.  The better strategy is to accumulate more BTC by employing various ways to buy more of it and if you run out of money, you just HODL until you have more money coming in so that you are able to buy more.  

Of course once you get to to a sufficiently large stash that is sufficiently in profits, then you have way more options... Of course, what is a "sufficiently large stash" and what is "sufficiently in profits" is going to have various ways to frame such matters in terms of individual circumstances, yet for me neither of those ways of framing the ability to have more options means that having more options should cause anyone to be going balls to the walls and start to fuck around with trading or any of that bullshit, but there are likely ways that anyone might be able to rationalize aspects of his/her profits in such a way that they can use those profits for the playing of those kinds of trading practices which also can end up being set up as decently good ways to manage a portfolio and to possibly take advantage of ongoing and close to inevitable volatility in something like bitcoin without devolving into presenting themselves as some kind of big baller who has difficulties controlling/managing his/her ego.. which seems to be part of your issue, TrustedBitcoiner.

why dont you start the wall of text observer thread