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

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

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[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[bitcoinPsycho]

[bitcoinPsycho]

$31008  STAMP

[El duderino_]

Bitcoin making moves,
are we faking or breaking?
Only time will tell.

[bitcoinPsycho]

Bitcoin making moves,
are we faking or breaking?
Only time will tell.

Breaking

[JayJuanGee]

buddy took the day off?

maybe its gathering its bits for a huge "only goes up" run

Seems like "we" used to refer to that as "punishment mode"

In other words, king daddy might be considering going into punishment mode (for a while, until it is not), and who's getting punished?  the bears, the nocoiners (low coiners), the fence sitters, the bitcoin naysayers, the shitcoin pumpeners, the shorters and perhaps a few other categories of peeps, institutions, governments.

[xzy887]

Muhammad Azhar replied very fantastic: Ah, the fortuitous surge of Bitcoin, a sight to behold! A testament to the intricacies of decentralized finance, constantly fascinating the intellectual minds of our time.

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[OgNasty]

Price go up! Smiles had amongst the people.

[JayJuanGee]

Bitcoin making moves,
are we faking or breaking?
Only time will tell.

Yes.. you answered your own question.. since "we" can never really have a lot of confidence until looking back on what happened. .and even then?..   Sometimes we need 6-18 months to confirm whether we are in a bear or a bull market, and/or where we were.. and sometimes even that's not enough time, including people are likely to label "where we are" differently based on 1) where they think we are going, 2) where they want us to go or 3) where they want others to believe we are going.

Many of us longer-termers likely realize directionally where we are most likely to be going, even if we might not have the timeline and/or the exact ranges with any kind of specificity (except LFC.. #no homo)

[Hamza2424]

Price go up! Smiles had amongst the people.

Still making a purchase or on hold for now ....

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[Richy_T]

I should warn everyone that I fully intend to post computer related pictures on the way up this time too.

[Gachapin]

Well friends, my DCA days are over. It's time to start selling. I'm a little sad to spoil my stash, but it's about something important. For years I was not satisfied with the city and the institution where I work. I was recently invited to a prestigious institution with better pay and less working hours. For opsec reasons, I don't want to say what I work, I'll just say that it's a very prestigious position, and only 1 month of working days is required per year. My work is a hobby and there is no question of retiring, because that's what I'll be doing anyway.

The city is large, with a rich history and culture, with many places for entertainment, recreation and restaurants. The people are good, cordial and I feel very well there for 1 year now. So I decided to buy an apartment. I'm putting off the idea of a house for now because I don't have that many bitcoins. My plan for the apartment is to use a mortgage, paying only 20% of the price now. It's a small percentage of my bitcoins, so I'll be able to swallow it. When the price reaches some level, I have decided to repay the entire loan by selling bitcoins, and my goal is to sell no more than 10% for the purpose. It's all worth it, because it's how I drastically change my lifestyle in the right direction. And I'm insured with my bitcoins, in case of financial difficulties to sell some more and not lose the apartment.

Best of luck in your new home/location/work. I can fully relate, as I'm in a very similar situation. Will almost mirror your moves, but not just yet... It's not related to the price of Bitcoin, it's just not the right time for me. But it's close, and the price of Bitcoin will hopefully almost certainly be much higher by that time, which will make things much smoother and the decisions much easier to make.

We only live once, there's likely no afterlife, so we'd better make the most of it while we can. Our stash will be worth nothing to us if we end up old, sick and unable to enjoy it.

+1 WOsMerit.

If you have descendants then it might be a good idea to leave some for them, when you go.
Especially if BTC succeeds through the next generations, even a tiny amount today will become an absolutely live-changing amount in the far future

[Gachapin]

Well, if that dev Bob cited is right, then Lightning is apparently cooked unless a fix is possible.
If so, Phil has a solid argument as you cannot accommodate coffee buying on bitcoin (without Lightning).

Do I care? Not much as my infrequent txs can still be posted, but it (bitcoin) cannot be a medium of exchange for the planet.
Is BitVM any better? I have no clue, maybe it is too new.

Perplexed.

Last time I'd check, Bitcoin and Lightning was still being developed and improvements are being sort and worked through...

am I missing something?.... the narrative over the last a few pages make it seem like, that is it! we are fucked! nothing can be done to solve buying a coffee!

stop being a BTC maxer and let LTC/Doge do the lite work.

BTW I will be driving to the mine and dropping in 550th of BTC miners and zero Scrypt miners.

+2 sMerit for the 550th

-1 sMerit for the LTC/Doge statement!

Look I am a satoshi guy which means am a POW guy

So 3100 watts an hour with a s19xp means 141 x 0.0622 cents or $8.77 a day
and 3100 watts hour with an L7 means  9 x 1.31 usd or $11.79 a day

so we can argue all you want.  but my L7's are paid off and make $3.02 a day more

Which if you go back a bit on this thread you will read I cashed LTC and Doge in in order to buy more BTC.

So I ask you is spending 3100 watts an hour to get $11.79 in btc better than spending
3100 watts an hour to get $8.77 a day in btc?

I have earn more value with Scrypt  mining since 2018 than I have with BTC mining .

And I am far more invested in BTC gear and power  than scrypt .

The difference is my Doge mine and hodl was really really really really really good.

At the moment I am not holding my LTC or my Doge profits I am cashing them and setting up BTC DCA buys.

So if you read this you will see I am a BTC 85% person and 15% Scrypt

and it has worked well since 2018

Philipma, there is a HUGE difference between "I mine the shitcoins ltc/doge and immediately dump them for btc" versus "Buy ltc or doge and hodl it to buy coffees, guys!! They will take over street commerce!"

Like a giant, galaxy-size difference.  

So quit espousing the latter, when you only mean the former. It's tedious and annoying.

The following is just a thought that came to my mind and not something I want to say to philipma1957, but:

I have the feeling that shitcoins do something to your brain.. and I mean something different from what BTC does to your brain.. something that lets people lose some of their rationality and their ability of self observation. Have seen it with many acquaintances who were interested in or bought shitcoins.

Mining shits for bits is not a problem though.

[bitnote]

Bitcoin's mood can shift quickly..



Quote me....   Quote me....   Quote me....   

[Hamza2424]

If you have descendants then it might be a good idea to leave some for them, when you go.
Especially if BTC succeeds through the next generations, even a tiny amount today will become an live-changing amount in the far future

Generations? I don't think it will take that much time, especially according to the current scenarios. I'm hopeful in the coming few years to fill up most of the expectations in bitcoin speculation.

[Gachapin]

There's also the option of exchanging a chunk BTC for LTC from time to time to make small purchases more feasible.

...
The practicality of using fiat for daily transactions is still INFINITELY better and easier in every conceivable way.

in the western world (incl. the US, as you said it)... but not in high inflation countries


btw happy 31k .. even if it's a fakeout in the end (this pump certainly started with one)

[JayJuanGee]

There's also the option of exchanging a chunk BTC for LTC from time to time to make small purchases more feasible.

The practicality of using fiat for daily transactions is still INFINITELY better and easier in every conceivable way.

in the western world (incl. the US, as you said it)... but not in high inflation countries

btw happy 31k .. even if it's a fakeout in the end (this pump certainly started with one)

I have been starting to think that the fakeout showed that there was not a lot of resistance going up, so then the message starts to get out there that going up becomes a kind of easy route - until it is not.. but then how far does it get?  so we have the one point that we are near, which is the prior $31,818 local high, then we have the top of don't wake me up zone, which is around $35k, and then we have pre-deadman's zone in the ballpark of $50k, and then what other resistances are there?

Surely, the BTC price generally does not tend to go straight up... so I am having trouble considering getting past $35k without some profit taking correction.. while at the same time, if we actually are entering punishment mode, then king daddy might end up playing hard ball with a few of the naysayers and even those who don't have the BTC that they claim to have might get screwed in this process.. if the time is ready or maybe some of those folks still need to sell some BTC that they don't haven and let's see how long they can play that game, before they end up getting reckt.