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

[xhomerx10]

Hello all.

I'm not here a lot these days as work is crazy, I'm doing nights for more money, and I decided to try and get a better diploma for a better salary (and a more interesting job) so I'm doing night school too.

Anyway it was nice to see our beloved break the boring sideways action and go up.

It's my birthday today, I'm starting a new decade and am officially old or let's say not young (40), so I'm asking for BTC at 35K as a gift !

 Happy birthday!  I hope I don't seem self-serving when I say, I hope you get your wish and more!

[1714316821]

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[1714316821]

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[AlcoHoDL]

Hello all.

I'm not here a lot these days as work is crazy, I'm doing nights for more money, and I decided to try and get a better diploma for a better salary (and a more interesting job) so I'm doing night school too.

Anyway it was nice to see our beloved break the boring sideways action and go up.

It's my birthday today, I'm starting a new decade and am officially old or let's say not young (40), so I'm asking for BTC at 35K as a gift !

Happy birthday man. All the very best, but BTC @ $35k? That's already done! Aim higher!

You're still young. There are WOers twice that age having a blast...

You have fun with those coins... We don't want your donation.

[snowpega]

Hehe

[JayJuanGee]

$36k is chopper time. $35k was yesterday.

Did we do $35k yesterday? Damn I missed it!!

A quickie, but a goodie.  

Have you noticed people are accumulating early before the halving? You gotta love how psychology can have such an impact in financial markets.😉

Well remember 2 or 3 months ago Adam Back was specifically proclaiming (and betting) that BTC prices will reach $100k on or before the upcoming halvening.  

I don't even believe that the odds are high for such to happen, but it surely is not even out of the realm of possibilities to get something between 3x and 4x within the next 6 months or so.. and remember early to mid 2019, we had right around a 3.5x price move (from $4,200 to $13,880) in 3 months.. and golly-gee-wiz, even though it takes more money to move the BTC price when the prices are about 8x higher,

yet surely we seem to have at least 8x the interest in bitcoin and 8x the amount of money that is sloshing around to capture the number of coins that are available, which also does not seem to be an expanding phenomena in spite of some of the various attempts of not quite honest players to make more bitcoin,

which likely is frustrating to them, but also seems that it might even become more frustrating if some of them get caught with their pants down and try to present themselves as if they have more corn than they actually have, which we know that a lot of modern financial instruments allow for such "creativity", but the school of hard knocks of bitcoin (aka king daddy, aka honey badger, aka my lil precious, aka lillie fiend) may well end up punishing some of those manipulator wannabes more than they are able to sustain, especially if a large number of bitcoiners decide to exercise their rights to take custody of their own proper cornz.

Hello all.

I'm not here a lot these days as work is crazy, I'm doing nights for more money, and I decided to try and get a better diploma for a better salary (and a more interesting job) so I'm doing night school too.

Anyway it was nice to see our beloved break the boring sideways action and go up.

It's my birthday today, I'm starting a new decade and am officially old or let's say not young (40), so I'm asking for BTC at 35K as a gift !

Happy birthday man. All the very best, but BTC @ $35k? That's already done! Aim higher!

You're still young. There are WOers twice that age having a blast...

You have fun with those coins... We don't want your donation.

It surely can be difficult for HODLers to continue to HODL when the see BTC prices like we saw in the last couple of days and even once you add up the last month or so, and so HODLers frequently get so excited and even the more self-restrained of them will sometimes be able to hold out until the new ATH or even sell within 20% or so of the ATH to the upside and conjecture that they are "killing it" when they thereafter end up getting reckt through their opportunity cost losses that are subsequently shown by their selling too much too soon.. and sure it is almost inevitable that some folks are going to become statistics.

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[d_eddie]

Blah Blah

Dude, please elaborate.

-snip-

I’d like to hear your reasoning.

I wouldn't, really.
You quote him, you go with him
In the dark place <PLONK>




#haiku

[d_eddie]

And yes, hello Arriemoller, you old codger!
Don't fart too much while you're in this room, please.

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[SamReomo]

We want BTC at 40k within a week! Go BTC no-one can stop you!

[philipma1957]

We want BTC at 40k within a week! Go BTC no-one can stop you!

yeah 40k by Nov 11 sounds good to me.

[SamReomo]

We want BTC at 40k within a week! Go BTC no-one can stop you!

yeah 40k by Nov 11 sounds good to me.

Who knows we may see 50k by November 28, and if that happens we all will be happy!

[Gachapin]

monthly candle looks impressive rn... let's see where it closes

[OgNasty]

monthly candle looks impressive rn... let's see where it closes

Even more impressive when you consider the traditional stock market’s performance. We’re finally seeing the divergence we’ve been hoping for. Now to see how long it lasts and if can persist through a recession. So far so good though. All signs point to a bull season right around the corner. Make sure you buy all you want in 2024 because the fomo in 2025 if this continues will be insane.

[BobLawblaw]

Well... about to start prep for my colonoscopy tomorrow.

Kinda worried AF going into it.

If you never hear from me again, it's because I died while being roto-rooted.

At least my liver made a full recovery...

Gentlemen.

[jojo69]

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[JayJuanGee]

We want BTC at 40k within a week! Go BTC no-one can stop you!

Is this "we" that you speak of in the room with you right now?

monthly candle looks impressive rn... let's see where it closes

Even more impressive when you consider the traditional stock market’s performance. We’re finally seeing the divergence we’ve been hoping for. Now to see how long it lasts and if can persist through a recession. So far so good though. All signs point to a bull season right around the corner. Make sure you buy all you want in 2024 because the fomo in 2025 if this continues will be insane.

I believe that the supposed "vergence" was a bit of a fantasy, so the claim of a supposed "divergence" is not a very accurate assessment.

In other words, how could there be a divergence if the vergence never really existed in the first place?

#Asking for a friend.

[AlcoHoDL]

$36k is chopper time. $35k was yesterday.

Did we do $35k yesterday? Damn I missed it!!

A quickie, but a goodie.  

That's so cute... Really! But don't you dare buy it with BTC, because it will soon be the most expensive (yet still cute) mug you've ever owned.

[...]

[...]

It surely can be difficult for HODLers to continue to HODL when the see BTC prices like we saw in the last couple of days and even once you add up the last month or so, and so HODLers frequently get so excited and even the more self-restrained of them will sometimes be able to hold out until the new ATH or even sell within 20% or so of the ATH to the upside and conjecture that they are "killing it" when they thereafter end up getting reckt through their opportunity cost losses that are subsequently shown by their selling too much too soon.. and sure it is almost inevitable that some folks are going to become statistics.

Agreed. This is not a time for selling (unless one has to, etc., etc.). Selling now would be tantamount to missing the upcoming (time scale of months) pre-/post-halving price appreciation that history has shown to be a near certainty. Well, whatever makes one happy... I think it's also a stash threshold/marine species/citadel residence level issue. Those with big stashes would not mind selling even relatively large amounts of corn (but still a fraction of their total stash), while those with few coins of even less than a whole coin may not want to give those precious few sats away just yet...

I'd say that those with 100+ BTC would be fine selling up to 5 BTC for expenses and indulgences. Life's short. Anything in the double/single digits would better be HeDL and even topped up if this is possible. All this is better explained using your $2M fuck-you status analysis, which I'm a fan of. I think there is a post of yours with a long table--don't have the link handy now--which explains it nicely.

Again, $2M can vary from fuck-you for some, to fuck-me for others, and corn price also changes (generally rises) with time, so these numbers are not really constant, which is equivalent to octopuses still being octopuses, but feeling like fishes, etc. etc. So it's all kind of relative, adaptive and progressing. And this progression is more positive for those with a bigger stash (value appreciation), and more negative for those with a very small or no stash (more difficult to accumulate--same fiat buys less BTC). An informed decision to sell or to buy or to HoDL has to take at least the above factors into account, and not just listen to one's lower brain that tends to want a LHB-type gratification.

It's just a few months before the next halving. Not a long time. I'd wait it out, let it happen and re-evaluate things in late 2024.

[SamReomo]

Well... about to start prep for my colonoscopy tomorrow.

Kinda worried AF going into it.

If you never hear from me again, it's because I died while being roto-rooted.

At least my liver made a full recovery...

Gentlemen.

Get well soon buddy! We'll hear from you and from healthier version of you! I hope that colonoscopy will be less painful procedure and I also hope that you'll get well soon.

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com