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

[philipma1957]

RIP Gordon Lightfoot.
 One of the best.
 A Legendary Canadian Folk/Rock Musician

 He has many great songs but this one is my fave: If You Could Read My Mind


 He passed away May1st and I meant to post it then but I... shaky old man syndrome I guess.

As a sailer in USN "THE wreck of the Edmund Fitzgerald"


https://www.youtube.com/watch?v=9vST6hVRj2A

always held it dear to my heart.

The Edmund sank in 1975.

The song came out in 1976

I joined the USN in 1978

and in 1980 my ship the USS Dixie AD-14 which was the only active remaining ship from WWII

sailed through the biggest cyclone in

 the Indian Ocean. For 1980

All I could think of was that song as  It took us three days to fully clear past the waves that typhoon made.


Viola-Claudette March of 1980 was the strom

[1714225032]

1714225032

[1714225032]

1714225032

[1714225032]

1714225032

[1714225032]

1714225032

[1714225032]

1714225032

[1714225032]

1714225032

[ChartBuddy]

Explanation

[ChartBuddy]

Explanation

[ChartBuddy]

Explanation

[ChartBuddy]

Explanation

[ChartBuddy]

Explanation

[HI-TEC99]

... in 1980 my ship the USS Dixie AD-14 which was the only active remaining ship from WWII sailed through the biggest cyclone in the Indian Ocean.

...

John's weather forecasting stone could have predicted that cyclone.

[JayJuanGee]

My mistake was in that i was thinking that Mr market would try to push banks up after FRC supposed "rescue", but it lasted for a whole 2 hours, then reversed.
My plan was to buy puts into a rally, but I am not buying those into a sharp decline and increase in premium and volatility.
Hence, still flat in the money market with about 5% returns (plus some long term time horizon stocks).

Pro tip:  Don't be fucking around with that shit.

Buy bitcoin and don't be whimpy about it.   

#justsaying.

Dude, I am not selling bitcoin for consumption (as someone else does,  ), hence no need to generate cash flow:

I am glad that I got uiie pooie all riled up...

In regards to the "as someone else does," anyone I know? or are you just making up shit?

 

salary is nice, but sometimes I want a little extra, hence playing with a play money on the other markets.
Money market is different since I have too much exposure to "risk" already (via bitcoin, mainly).
Therefore, money market acts as an "anchor" to fiat portion, counterbalancing "risk" in btc.
But, to each their own and I would understand even a 100% btc position if someone would say that this is what what they think is proper.

Can't really quibble with you in regards to a potential perspective that "what is whimpy?" or "aggressive" for that matter seems to vary from peep to peep.

My DCA buy, originally scheduled for monday, got delayed for tuesday, when it slipped into the little $28k dip. Nice.

Hm?

Don't you gots ur lil selfie a lots of cornz by now?

By the way, I will admit that in some sense, I can relate to what you are describing, especially since sometimes, I will create tokenly small orders, just for funzies, and I will get a wee bit worked up regarding whether and/or how such order(s) fill.. and whether there was a lot of good/bad luck involved in the way that BTC prices ended up moving, even though in the whole scheme of things, the order(s) hardly even affected my "stack" in any kind of significant or meaningful way.

Lucky you  
I still keep adding, even small amounts, and i probably won't stop. I don't have a reason to stop. In the end, most of the stack is desinted to be a heritage for my kids.

Fair enough.. I suppose?

There should come a point in which any of us might enter fuck you status or multitudes of fuck you status in which we might be able to sufficiently stop worrying about whether we stack any additional sats or not.. because we have enough and even possibly more than enough.. even though some people suggest that it is not possible to have "more than enough". so maybe there are differing ideas in regards to how much is enough or more than enough.

I might add that it is possible that we are just framing the matter differently - or on the other hand, if you are never quite making it to your own assessment of entry-level "fuck you" status.. and maybe you are something like 1/20 to 1/3 entry-level fuck you status.. or something like that, then you never quite feel as if you are close enough or reachable to entry-level fuck you status.. I suppose that's possible too?.. but the way that BTC has historically moved, it seems that even being within 1/3 to 1/10 entry-level fuck you status, then it should be possible to frame a possible path in which you potentially get to entry-level fuck you status.. and you (OOM) seem reasonable enough in regards to such.. but I also understand that we are not always telling a lot of our personal assessments, and so I am not really trying to probe any of that out of you - so in that regard, I suppose I am just generally going over the ideas and considering that entry-level fuck you status should be able to be put on paper in terms of how to get there for anyone who is not changing his her targets (but at the same time, I understand that there are some unknowables too.. including the seemingly insidious rug pulling aspects of monetary debasement).

[ChartBuddy]

Explanation

[aesma]

BTW, I read (with a big surprise) that there are only about 1 mil wallet addresses with at least one btc.
I thought that there were at least 2-5 times more.

There is a cost to making a wallet (the costs with keeping track of things, which can be minimal, but also the costs of fees) however it can be quite low, so even if you hodl tons of BTC, they can be spread on many wallets.

And then, you're talking about addresses not wallet, one wallet can have plenty of coins, all on different addresses.

[ChartBuddy]

Explanation

[vapourminer]

#springishere

bleh

[ChartBuddy]

Explanation

[BitcoinBunny]

Pretty good we are holding steady despite the destructive apocalyptic nature of neocons in charge and leeches such as Jamie Demon destroying the retail fiat banking sector.

[ChartBuddy]

Explanation

[Xinarae*]

[somac.]

Pretty good we are holding steady despite the destructive apocalyptic nature of neocons in charge and leeches such as Jamie Demon destroying the retail fiat banking sector.

The global monatary system is completely screwed and the banks are the entities that connect this system to the rest of the economy. Therefore the banks are the first to go but after them comes the real economy. So the question is will the CBs and the Govs step in to stop this mess (the mess they created in the first place through mass corruption and stupidity)? Bitcoin is holding because the answer is yes. And when this answer is obvious to everyone Bitcoin will no longer be steady but going up towards escape velocity instead. If ever there was a time to be a capital owner now is it because after the end of this episode the wealth divide is going to look like the 1800s. Charles Dickens kind of shit

[ChartBuddy]

Explanation

[LFC_Bitcoin]

Pretty good we are holding steady despite the destructive apocalyptic nature of neocons in charge and leeches such as Jamie Demon destroying the retail fiat banking sector.

I want to believe that the world economy won’t dive into a deep recession but I’m still not convinced. The only reason I care if it does is because bitcoin will crash too. We’re still at a stage where we follow stocks & react to black swan events etc. Look what happened when COVID first hit, we nuked.

So here’s hoping for the FED to stop raising rates, banks to stop capitulating so the buds of financial Spring begin to show to allow us a raging bitcoin bull market in 2024 & 2025.

[somac.]

Pretty good we are holding steady despite the destructive apocalyptic nature of neocons in charge and leeches such as Jamie Demon destroying the retail fiat banking sector.

I want to believe that the world economy won’t dive into a deep recession but I’m still not convinced. The only reason I care if it does is because bitcoin will crash too. We’re still at a stage where we follow stocks & react to black swan events etc. Look what happened when COVID first hit, we nuked.

So here’s hoping for the FED to stop raising rates, banks to stop capitulating so the buds of financial Spring begin to show to allow us a raging bitcoin bull market in 2024 & 2025.

The world will not dive into a recession, not a long one anyway. But I can assure you it won't matter because the intervention required to continue, and keep making this mess worse than before, will lift markets of all types to new highs in no time. To the 99% the recovery will feel like a recession anyway as prices for everything become more out of reach than before. But hey, at least the governments and economies will continue to function though right.

A recession they can avoid, a functional monetary system they can never achieve.

Sure there might be another covid type crash but just like last time it will be a generational buying opportunity.