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

[ChartBuddy]

Explanation
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[philipma1957]

blocked before buddy gets any ideas.

[log2exp]

cryptowat.ch is shutting down on Sept 29th. Any free alternatives that have the similar UI?

[ChartBuddy]

Explanation
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[ChartBuddy]

Explanation
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[BitcoinBunny]

__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.

Idiot is too kind of a word.

I think he is more of a calculated scam artist in a way. He just seems to say everything all at once, and I guess eventually you get lucky when 1 thing out of a million things you "predict" comes true and some people think you are a genius.

[ChartBuddy]

Explanation
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[ChartBuddy]

Explanation
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[xhomerx10]

Oh Buddy, I'm starting to think you're one of those deplorables or at the very least irredeemable.

[AlcoHoDL]

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.

It wasn't certain. There was even a near-flippening around $2000, if I remember correctly, which was likely pushed by the large big-blocker players that instigated the fork. They learned the hard way that they can't mess with King Daddy...

I sold my BCH soon after the fork, but re-bought them, after reading some pro-BCH posts here in WO. I then thought about it some more, and decided to dump them and convert them all to BTC. Boy am I glad I did this!

[ChartBuddy]

Explanation
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[JayJuanGee]

[...]

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 eXPHorizon is the sharpest tool in the box.

O trust me my level of understanding is beyond your comprehension

The funny thing is that is what i think about you fellas which is prooven to me time and time again..

But most of all ya lack perspective. Its like you look a traffic light and decide that the Red light is trying to kill you.....

Cute.

who would have thunk that we actually look like that?.. .from a no coiner's perspective.

Should I buy or sell? 

It's up to you.

Would be pretty dumb to sell, but hey we have a lot of dummies who pass through here who do not know what to do when it comes to their own BTC accumulation...

and by the way, overall when it comes to BTC accumulation, selling is not a good plan.. but ongoing buying and HODLing when in doubt tend to be good plans, especially when attempting to look out a couple of cycles.

But my problem is, will 1BTC be enough for my bitcoin target 

Yes, 1 Bitcoin will be enough for most people if they can hold it for next 20-30 years. The price of Bitcoin can grow very high in value and some people like Michael J. Saylor think that 1 Bitcoin could be $5 million in value in future. I believe that $5 million is a sufficient amount for a lot of us and if his prediction becomes a reality then everyone who holds a Bitcoin would be among the millionaires.

Yep.. but you still likely have to consider the bottom price rather than the top price, unless you are selling and getting into dollars rather than bitcoin, which does not seem to be a very good approach.

[edited out]

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

Why?

It does not matter whether Saylor/MSTR lets his complete BTC ride or if he shaves off a few billion dollars worth from his then holdings (which currently are at around 158k BTC, but maybe he will have more BTC at that time?). Who cares?   Saylor/MSTR can do whatever he likes in regards to holding his BTC or even selling them or some combination. 

You seem to be wanting to suggest that the bitcoin community (HODLers) needs to be worried about MSTR/Saylor dumping on BTC or starting to engage in BTC manipulation based on the number of coins that he currently holds.. even if it happens, so what.. let the price do whatever it is going to do.

[ChartBuddy]

Explanation
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[ChartBuddy]

Explanation
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[DirtyKeyboard]

Anyone have any hot bitcoin stock tips for tax leveraged accounts?
It looks like the mining company stocks have had a decent pullback.
https://www.bitcoinmarketjournal.com/wp-content/uploads/2022/02/public-stocks-1536x558.png
Source: https://www.bitcoinmarketjournal.com/bitcoin-mining-stocks/

Or are we hoping for an ETF approval before tax day next year? 
Or is the no tax juice not worth the not your keys squeeze?

[Frankolala]

__SNIP__

This is madness and a mislead to the public, so many people think that they can say alot of nonsense about bitcoin to deceive people and make the weak to panic, but bitcoin has proven their predictions wrong ever since 2009 till date. I am waiting to see how this guy will be covered with shame when bitcoin hits 100k next bull run.
Who cares about citibank token..it is nothing more than a shitcoin with no potential.
It is bitcoin all the way till I DIE.
BYE BYE Robert Kiyosaki and your token that you are hyping

[ChartBuddy]

Explanation
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[BitcoinBunny]

Finally saw that Canadian government clip of them actually applauding a Nazi.

Have they got shit for brains in the Canadian government?! Applauding someone fighting the Russians in the early 1940s? What possible side would that person be on?

What the fuck are they smoking up there? How can Canada have such stupid people in government? Canada fucking helped with the liberation of Europe at the time!

Astonishing!

Imagine if Trump had made this "mistake".
 


"Sieg Heil, everybody, sieg heil!"
https://www.youtube.com/watch?v=JsilnLnyWCA&ab_channel=TheIndependent


Fucking tossers.

[ChartBuddy]

Explanation
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[LFC_Bitcoin]

I sold my BCH soon after the fork, but re-bought them, after reading some pro-BCH posts here in WO. I then thought about it some more, and decided to dump them and convert them all to BTC. Boy am I glad I did this!

I sold all of mine near $1,000. It’s quite a funny story actually, I was storing all my bitcoin on Bitcoin Core (passphrase encrypted wallet.dat)

I bought a new laptop to download Bitcoin Core again so I could move all my bitcoin so the old legacy addresses were empty per se, so I could use them to claim the shitcoin forks via Electrum Cash.

Any way, the price of BCH was $300 at the time, I was syncing my new wallet, downloading the whole blockchain in prep to move my bitcoin safely. I woke up in the morning & there was no progress from the night before. It was stuck on X weeks to go or whatever. Turns out I bought an expensive laptop with really low fucking storage. It had way less than 1TB so not enough to download the whole blockchain historically.

So, I bought another laptop with 1TB storage & began to download Bitcoin Core again. By the time it was fully synced the BCH price had gone from $300 which is what it was when I started on the previous laptop to $1,000.
A dumb fuck up ended up making me a lot more money.