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

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[1714583616]

1714583616

[1714583616]

1714583616

[1714583616]

1714583616

[WatChe]

Better to look for it in the local section as it will be easier for you, the Seattle transection, and find out the most suitable person to deal with. For identity abuse, most people do not really care about it, as they might be unaware of the consequences, But it should be taken into count.

Don't know what you mean by Seattle transaction. Its still kind of risky to deal with person directly. Less risky way is to go and buy directly from Binance p2p.

I am surely not trying to disrespect any of your own personal discretion because each of us have to figure out the various kinds of balances that we are going to make, including the various ways in which we either get bitcoin exposure and/or the various ways that we might be able to hold our bitcoin in private ways and even categorize the various kinds of bitcoin stash that we have.

Of course I do have trust and faith in Bitcoin thats why i am accumulating bitcoin (though with slow pace). The time now has come where governments are taking Bitcoin seriously and cracking hard on anyone using it (where its not legal). So its better to take safety measures then to get caught.
There are people I know, they did a small transaction of 10$ for buying Bitcoin. They are noticed by the government agencies.

[Biodom]

Fun calculation:

On 1 August 2017, Bitcoin Cash (BCH) forked from the main Bitcoin (BTC) blockchain. If you had x BTC at that time, you were given x BCH. Consider the following 2 choices:

1. Keep the forked BCH,
2. Sell the forked BCH and buy BTC.

Picking option (1) in September 2017, your x BCH, then worth around x * $500, today would be worth x * $200 ---> 60% LOSS

Picking option (2) in September 2017, your x BCH, then worth around x * $500 would buy you x * $500 / $4000 BTC at that time, which today would be worth x * $26000 * $500 / $4000 = x * $3250 ---> 550% GAIN

For exact values, replace x with the amount of BTC you had at the time of the fork.

Prices are rough & rounded approximations of spot prices of then and now. The difference in outcome is so huge that the accuracy of prices used is almost irrelevant. We're talking about 1 to 2 orders of magnitude gain in picking (2) vs. (1).

tl;dr: Fork your mother if you want fork! Get rid of all your shitcoins ASAP ---> convert to BTC ---> wait. Tried & tested, never fails.

An alternative possibility: do nothing at the time so you don't have to pay taxes on your bch fork being sold.
In actuality, your gain was probably more like 0.66X$500=$330 per rather than $500. I split (forked) some, but not all at the time.
Of course, looking back, I should have 'forked' all btc I had at the time, no doubt.

Besides, although I believed that "small blockers" would succeed (and they did), it was by no means certain back then as few companies (Coinbase, Circle, etc) threw their weight behind the 'large blockers" initially. Surely, it is crystal clear now and has been for quite a while.

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[OgNasty]

It seems like the economy is beginning to take a heavy toll on equities. I wouldn’t doubt it if we saw a 15% correction in the S&P 500 from here over the next several months. Interesting times as we await to see if a recession cancels out Bitcoin’s 4-year cycle. I’ll admit I’m not sure how it will react, but I know we’ll have our answer in the next two years.

[coolcoinz]

O trust me my level of understanding is beyond your comprehension

Pretty sure that's what Putin says to himself before going to bed.

Should I buy or sell?  

Do you want to be the sole owner of your money, or not?
Are you in profit, or at a loss?
Do you have money for your everyday needs, or not?
Are you scared looking at the current price, or not?

It seems like the economy is beginning to take a heavy toll on equities. I wouldn’t doubt it if we saw a 15% correction in the S&P 500 from here over the next several months. Interesting times as we await to see if a recession cancels out Bitcoin’s 4-year cycle. I’ll admit I’m not sure how it will react, but I know we’ll have our answer in the next two years.

It will depend on whether there's an ETF for those Wall Street guys to run to. If their stocks go down significantly and they're forced to take a loss they'll want to move the money to something that doesn't go down as much. Bitcoin market is so tiny that some funds might try to pump it alone. If you dumped a billion USD on spot markets you'd see it pump so much that those "bitcoin is dead" people would borrow money to buy some.
Elizabeth Warren would make an emergency meeting of her team, Brad Sherman would lose the rest of his hair and China would be forced to ban bitcoin for the 25th time.

[Gachapin]

It seems like the economy is beginning to take a heavy toll on equities. I wouldn’t doubt it if we saw a 15% correction in the S&P 500 from here over the next several months. Interesting times as we await to see if a recession cancels out Bitcoin’s 4-year cycle. I’ll admit I’m not sure how it will react, but I know we’ll have our answer in the next two years.

every shoeshine boy is totally sure we will see the usual (or at least a) bull to a new ATH start within the next 1+ year.

so indeed, it could be "this time is different", but in a negative way.
even a sideways for the next 2+ years would crush most peoples confidence in BTC, which always has been be a nice base for a huge bull surprise afterwards. just like the boring and long bear after the 2013 top, but longer.  back then, for many it wasn't clear if or when BTC would go up again.

damn, we could even go to 65k just to fall down again to 20k within the next 2 years until every soul is crushed and BTC is declared dead again.

However, if when an ETF comes, huge amounts of capital will be wanting to move into the market. And Blackrock will probably use their heavy weight to promote their new product.

 

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[Fauderz]

I just started to be in bitcoin and it is likely to take a long time to get 1 bitcoin for now especially with the price that is now too high and my relatively small income is clearly difficult to get 1 bitcoin easily.
But apart from all that I think with my current age which is still quite young because it is in the middle of 30 years I want to do as much as I can regardless of whether I can finally collect 1 bitcoin or not I will still be proud and show it off to my children and grandchildren when I have a wife, children and grandchildren

Currently, my focus for goals is
1. work as well as possible so that my financial condition is guaranteed.
2. looking for someone with whom I can have a serious relationship.
3. DCA to smooth my intention to reach 1 bitcoin or more if I can.

At the risk of my being redundant in this post as compared with my earlier post on the topic, I am not sure if you need to reach 1 BTC.. It is sort of an arbitrary thing to focus on 1 BTC when it might not be a practical goal.. but surely that is up to you and your capacities and your timeline. 

Any amount of ongoing BTC accumulation is likely to put you in a better place so long as you do not overdo it and cause yourself to have to give up some or all of your BTC...

So I would suggest to try to consider being practical in terms of whether or not it is a good idea for you to focus on an arbitrary goal of 1 BTC merely because someone else said that 1 BTC is good.. without even knowing your particular circumstances.

One of the best things that any of us can do when it comes to bitcoin is to allow bitcoin to help us to be able to figure out our own financial and psychological circumstances and thereby be able to tailor our BTC accumulation to our own particulars.. 

Yeb, it can be a condition where we are too focused on btc and don't care about anything because ambition is what acts instead of common sense but I also said before even if I can't afford to reach 1 btc but I will still be proud and show it later to my children and grandchildren (if I already have).
On the other hand I think trying as much as possible in making investments is also important and it can be used as a good goal for a target but if you are not able then there is no need to force it because in the end as long as it is any btc it will definitely be very valuable.

[Hamza2424]

Yeb, it can be a condition where we are too focused on btc and don't care about anything because ambition is what acts instead of common sense but I also said before even if I can't afford to reach 1 btc but I will still be proud and show it later to my children and grandchildren (if I already have).
On the other hand I think trying as much as possible in making investments is also important and it can be used as a good goal for a target but if you are not able then there is no need to force it because in the end as long as it is any btc it will definitely be very valuable.

"Hey there, my friend! I remember quoting you earlier and wishing you all the luck in the world. Now, here's something fun to brighten your day.  But a word of caution for all you crypto enthusiasts out there (BTCcoiners)!

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[danadc]

I am a person who likes to be very positive, I see that you have a good prediction here:

Bitcoin price to $30K in October, says analyst as BTC price climbs 2%







Source: https://cointelegraph.com/news/bitcoin-price-30k-october-analyst-btc-climbs


Everyone is aiming for $30k, but as I see this it can become a reality.

I follow a group that is pure traders, and one came out saying that they should be careful that bitcoin is going to fall more, but I think he did it to generate fear.

They also talk about interest rates, but I don't see it as something that is very reckless.

The price of bitcoin (BTC) appeared set to retake the $27,000 level early Wednesday, but the rally was turned back alongside a renewed slide in the U.S. stock market.

In mid-afternoon action, the S&P 500 and Nasdaq were each lower by about 0.6% – by themselves, not large declines, but both indexes are now lower by about 10% since the start of August.

Bitcoin is flat over the past 24 hours just shy of $26,200, but earlier in the day had risen above $26,800. The CoinDesk Market Index (CMI) is higher by 0.15%.

Source: https://www.coindesk.com/markets/2023/09/27/bitcoin-slides-back-towards-26k-as-surging-interest-rates-trigger-macro-jitters/

Economic growth should not mean a delay for Bitcoin, on the contrary, if the economy begins to recover very quickly, bitcoin can reach high prices, an ATH.

There is also a lot of talk about what they say about Citibank that will adopt blockchain technology, but this does not affect Bitcoin in any way, I think Kiyosaki was wrong here.



source; https://cryptonews.com/news/bye-bye-bitcoin-robert-kiyosaki-weighs-citibanks-blockchain-initiative.htm

Bitcoin is above all this, I do not dispute the fact that they want to implement blockchain, but that they want to spread bad propaganda about Bitcon are crazy if they can achieve their silly fud.

[Hamza2424]

__SNIP__

Haha, a couple of minutes ago I did mention this idiot (Respectfully   in decision-making & analyzing), What a coincidence... Really  .. Hope you won't mind if I do copy your SS link... Or better to quote it.. naah I think I need to take another SS from the source to advertise such people as An Exemplary Lesson.

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[philipma1957]

This is a great example (even though it is sad and a bit depressing, too).

Historically, I have tended to lecture forum members about any kind of overly dependence on merely earning bitcoin rather than buying bitcoin.. because sometimes there can be ways to earn money (including fiat) that is going to allow you to buy way more bitcoin than you are able to from earning, whether we are referring to a signature campaign or other ways that you might be able to get paid for providing goods, services and/or labor...

Accumulating Bitcoin with slow pace is better then no accumulation at all. There are ways to get Bitcoin like p2p trading in Binance but the issue is you need to perform KYC with Binance and that expose you. So its better not to get exposed by such platforms.

You are right that I must look to buy Bitcoins from members here but for that I need to figure out how to settle transaction.

You cant say when one will make it to 1 BTC, no one can predict future price of Bitcoin.

I am surely not trying to disrespect any of your own personal discretion because each of us have to figure out the various kinds of balances that we are going to make, including the various ways in which we either get bitcoin exposure and/or the various ways that we might be able to hold our bitcoin in private ways and even categorize the various kinds of bitcoin stash that we have.

I am not even saying that any of these balances are easy, yet I still become somewhat uncomfortable when historically some people engaged in such whimpy bitcoin accumulation strategies and they had financial means in which they could have easily UPped their bitcoin accumulation game without even putting themselves at very much risk.. besides having to have some KYC bitcoin and also perhaps some temporary exchange (third party) risk depending on how much you might choose to keep on the various exchanges or if they may or may not allow for being able to withdraw the BTC.

I surely suggest NOT letting the perfect become the enemy of the good in terms of potentially unduly limiting your own BTC accumulations more than maybe your future self might have preferred you to do...and at the same time, you are totally in charge (and responsible) for your own ways of balancing these kinds of matters...

and I also realize that sometimes people will handicap themselves on purpose because they do not actually believe in bitcoin as much as they might claim to do.. (and there is nothing wrong with that).  We surely have had some people who had regretted their earlier whimpier approach to BTC accumulation, and then they realize later in life (after the BTC price is 10x or 20x or some other multitudes/magnitudes higher that they need to become more aggressive in their BTC accumulation.. and again there is nothing wrong with any of that because each of us "get bitcoin" within our own timing .. which may well end up being at a higher price than our earlier times in bitcoin.

[...]

and for 1 Transaction it uses as much electricity as VW Factory uses in a day for its production..

You really don't know how bitcoin works.. and more likely you know, but you are just spouting out nonsense talking points from your handlers.[...]

Don't bet that s/he/it knows... This is a tough subject, you know... Most people don't quite get it, and I don't believe eXPCrap is the sharpest tool in the box.

That's true...

I had to LOL at this one..

 

[edited out]

If it moons from 5 to 32

he would sell around 10

all the rest would essentially be free.

And once he pays taxes on the 10 dropping back to 6.  He has 6 cash to wait for a buy the dip move.

I doubt that Saylor thinks like that.  You can listen to him and hear that he does not think like that.

In other words, there are no reasons to take profits in dollars.. or to trade or to get your investment capital back in order to lower your basis from $30k to zero.... if that is how you are thinking about it. No need to engage in that kind of selling currently or even if the BTC price goes up from here to $200k. . which results in Saylor's/MSTR's stash going from $5billion to $32billion.

You heard of the concept of letting your winners ride, haven't you?  Saylor seems to be a "let your winners ride" kind of a guy... and he can spend bitcoin as business expenses and remember he has his own BTC stash around 17k BTC or so.. maybe he has more, but geez, he is not even close to desperate in terms of places upon which he could draw some value, if he felt that he needed to buy another yacht or whatever.

Sure, he can do whatever the fuck he wants and even change is mind and/or his practices, but I see no reason to lock him into some kind of a box (or to make a prediction about what he is going to do that is surely discretionary and is not even the "best" thing to do, if we can even consider what might be "the best" thing to do).

lets hope you are right. he lets it ride at 200k a coin in 2025. or late 2024

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[vapourminer]

easy as she goes buddy

[jojo69]