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

[ChartBuddy]

Explanation
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[1714260644]

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[1714260644]

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[JayJuanGee]

[edited out]

Saylor is a true believer which I respect, rather than being just another hack which so many of these famous people who got catapulted to stardom through Bitcoin or via shitcoins turned out to be.

I doubt he has a set goal in mind.

Too much is never enough.

I think that any of us can still be true believers, and still conclude that we have enough BTC.

It is not easy for someone like me to criticize what Saylor is doing, because the world does benefit from a variety of perspectives, including his level of ongoingly investing large amounts into bitcoin.     
 
Those kinds of strategies are also not necessary for normies to emulate without getting themselves into trouble, even though it might show some normies that they are being too whimpy in their bitcoin approach.

I personally have not changed my strategy because of Saylor, even though surely his ongoing buying does give me several assurances, and I even use him as an example of what people can do and still not overdo it that is much more than what I personally do, and even though I largely suggest normie newbies to start out with something between 1% and 25% into bitcoin, Saylor kind of brags about being "more than 100% in," which is also a bit misleading to compare him with normies, so there were likely some normies attempting to do what he was doing and ending up recking themselves, and I am not going to necessarily blame Saylor for that, but I am also not going to suggest that "too much is never enough," because sometimes, too much is actually too much.

I felt like I had too much BTC in 2015 in terms of my own goals and I have been dealing with that ever since, and surely I have not sold very many of those BTC, but I have pretty much stayed with the perception that I have too much BTC.. but it still feels good at the same time.. so maybe at this time, my BTC might be in the ballpark of 70% to 75% of my total networth.. or my various quasi-liquid assets that I consider constitute my overall investment portfolio.. I do have to get my monthly accounting in order.. but I think that is about where I am at... .. but still for me that is either enough BTC or even too much BTC.. so it does not really feel like a bad thing, but I suppose if BTC prices were to go below $10k I might start to wonder?  Why do I have so much BTC?  .. but yeah, does not seem too likely that we are going there.. and if we end up going below $10k I will have to deal with it because I will likely be buying all the way down.. probably at least down to $13k.. and probably a bit lower.. Even my contingency plans for below $17k are starting to get weak at this time.. .I must admit.... so why prepare for things that seem quite unlikely to actually happen?

I have not exactly placed my down odds, but surely it is starting to seem like anything even below $22k is seeming realy quite unlikely, but I still don't mind preparing pretty decently for a bit below $20k.. just like I was mostly prepared for down to $20k in 2022.. but my preparations below $20k were not that great.. and so those can be trying times and some of us not really having a very much money available to buy more if the BTC price were to keep going down.. so just HODL.. maybe cut various expenses.. resume DCA that had not really been used very much since 2015.. .. all of this as a result of both having enough and even having too much BTC.

I feel that I am in a pretty privileged position to still not have to really take any real drastic moves, even though we spent a couple of months in those kinds of way below $20k lows.. and probably we even spent closer to 7-8 months bouncing around, testing $20k and not getting too far above $20k. and there was even a revisit of sub $20k in early March 2023.. so yeah. going back up from there surely can bring back some more confidence, but there still are moments of feeling like having too much BTC.. while at the same times having BTC that at worse was only 16x to 20x in profits during the worst of the periods, and surely other people with larger holdings in BTC but their BTC might well not have been so great in mine in terms of the level of profits that they were in the worst of 2022 and early 2023..

So I guess that I am not even really referring to the newbies who would still be able to lap up bitcoin during those times but yeah we cannot presume the circumstances of the newbies because sometimes even the newbies are going to be feeling like they have too much bitcoin, while they continue to buy more similar to how I was starting to feel in 2014 and 2015 when the BTC price kept going down and seeming like it did not want to start to go up.. so at some point I started to feel like I had enough and even too much, but I continued to buy... which was already part of the system of bringing down the average cost per BTC in the stash, even if the overall BTC portfolio was more than 50% in the red.. so maybe there were some times that it was ONLY 36% or so in the positive.. , so each purchase brought the average price down, but each purchase was a drop in the bucket as compared with how much that had already been put in at higher prices.

I probably have made my point well enough.. ,.. even though I do feel a bit of rambling to have had taken place.

[xhomerx10]

 This is a movie of the sun over the last few days as it throws off a few coronal mass ejections directed at earth.  I believe the first of them has arrived already as I am seeing the aurora in Churchill Manitoba (latitude ~58°N), the planetary K index is currently just over 4 and projected to achieve 7.  This only happens about 130 times in the 11 year solar cycle and I don't know what the odds are of it occurring at night, while the sky is clear and preferably moonless.  It's been over 20 years since I've seen a really nice aurora and I've been keeping an eye on the activity.  I believe this is the year I get a chance to see a similar display.  

 You guys further west in the US and Canada should look up tonight just in case.  If you're in Alaska, bonus!

edit: I just found out that the moon is at 85% full and wont set until late tomorrow morning here... and not at all in Alaska.   Still worth a look up if you happen to be out and about.

edit 2: lol I like the way this site tells it - 4 blobs of sun coming our way!

https://earthsky.org/sun/sun-activity-solar-flare-cme-aurora-updates/

[ChartBuddy]

Explanation
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[philipma1957]

buddy be busting us with these 38k teases.

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[Negotiation]

I think that any of us can still be true believers, and still conclude that we have enough BTC.

The reality is right now I have not reserved any BTC but love it and trying to...! This causes all payment withdrawals for maintained in life. 



When the price is going to up then people coming to buy BTC.

[ChartBuddy]

Explanation
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[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[Antisthenes]

Too much is never enough.

That sounds a little greedy, wouldn’t you say?
You’re not taking your possessions with you - if you catch my drift.

"Up to three billion people worldwide already experience water shortages, a situation which is expected to worsen in the coming decades, the study notes"

Clean water has always been the problem.
Not because we cannot clean it or make it abundant, but because of the continued and deliberate poisoning of it and lack of infrastructure - and I’m not referring to the ancient times.

I mean look around you, everything is water, and it could not be any different.

Wait two years to buy electric cars with advanced solutions for the range and longevity problems of current batteries, not to speak about their tendency to burn and/or explode on failure.

My … 4 litre manual gasoline marvel would like to have a word with you.
Me thinks that I’d like to take it up a notch to 6-7 litre for best performance.

Musks Eyes have been opened regarding Palestine Terrorista. Respect to Musk.

Not so fast friend.
I’m hoping Elon sticks to his narrative and doesn’t flip flop in the near future.
He has a long history of flip flopping, but then again so does any human who evolves, and we shouldn’t be that judgmental anyways.
He will have my respect, only when he holds his position and bleeds financially.

He aint at fault for N.T he kinda gives respect to him by showing the world what Teslas motors and igenuity can do..

Maybe.

Do you know the difference between Justice and Punishment ?

I think you’re asking this in the wrong thread.
The resident liars - have no clue - about such things, but they will eventually.

Much more greatness awaits out precious species.

Mmm, well that depends.

Interstellar and Interdimensional travel is so much in our grasp i can almost taste it.

Look man, just no.
Humans are rooted to this Earth, and thinking differently is a recipe for disaster.

~ Lucy ~

When I’m Small

Lucy's underground, she's got a mouth to feed
Am I underground, or am I in between?
Lucy's underground, she's got a mouth to feed
Am I underground, or am I in too deep?

Lucy's underground, she's never coming back
Am I still alive, or has the light gone black?
Take me underground, take me all the way
Bring me to the fire, throw me in the flame

I'd rather die
I'd rather die
Than to be with you

Which reminds me of an excellent read:

The Mysteries of Sex

Maybe a double facepalm is in order.

Thought you’d have cracked your skull by now.

[DirtyKeyboard]

ChartBuddy's 24 hour Wall Observation recap
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[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[OgNasty]

Back above $38K and pressing against resistance. The 90 day chart makes it look like the market has been steadily rising for several weeks now. I wouldn’t be shocked if this continues right through the end of the year and left us above $40K for New Years. People are starting to take notice of Bitcoin’s performance this year.

[DirtyKeyboard]

It seems to be a common assumption that there be down before up in bitcoinia land.

Over the years I've developed a sense that the reverse is true of the stock market.
Where T.H.E.Y. convince the people to pile in, all the while they dump on retail.  I believe we are seeing that pump before the dump in equities.  Might be wise to position one's US tax advantaged accounts to be ready for the mass approval of all BTC ETFs after the calendar year 2023, but before tax day 2024 when 2023 deposits are still eligible.  

[sirazimuth]

<the usual Cryptotourist scroll-by call and response quote bollocks >

zzzzzzzzzzz

....

Cryptotourist and his butt buddy eXPH should just get a room.

Speak for yourself, you sick, evil, transgender atheist faggot.

Is Ad Hominem all you got bro?  Did I hit your hissy fit button? lmao
Hey, I got an auto insult generator if you want to try it out. I'd be happy to send you the link.

They could swap superhero comic books, make really neato memes and plot
revenge on all those meanies who called them names and bullied them in grade school.

This is all very nice not.a.sir.azimuth, but apparently we have many fish to fry.
BTW, our motto is not “revenge”, rather is to expose you filthy lying sub-animal corrupted demons.
.....

Well keep frying and exposing.  You go girl!


Apologies for feeding the clown. I feel sorry for her so gave it some validation.

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[greensheep]

fresh yearly high 

[AlcoHoDL]

Today's AYH of $38,707 and the imminent SEC ETF approval call for some cheesy Crystal Ball^TM hopium, for those who need it:

DailyCoin — Here’s How Bitcoin Gets to $1M According to Samson Mow

2024-25 will be very exciting.

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[shahzadafzal]

This is beautiful from every angle, at first you might think $1M looks like too optimistic or skeptical but more you focus on the graph more real it will look. Just we need to add one thing which is number of days on the inner circles. If price is increasing exponentially then number of days are also exponential. $100k is near and bitcoin will stay around 100$k for quite long time eventually reaching $1M, keeping in mind this halving will continue until around the year 2140.

I don't take this graph as a price prediction on certain date/month/year but Bitcoin price reaching $1M is fascinating. Which reminds me of Hal Finney's idea of Bitcoin price reaching $10M which has been discussed here million times.

Anyway let Hal Finney RIP and "Let's march to Q1'22!"

"I present the #Bitcoin Halving-Hype Cycle Spiral. Utilizing blocks measured in time and starting at the halving for being the cycle’s initiator due to its supply shock and hype, therefore preferable to the 4yr cycle.

Let's march to Q1'22!"


https://twitter.com/therationalroot/status/1470268669674483714/photo/1

HODL’ers cheat sheet. #Bitcoin

One year passed like it was yesterday.... Time to update the graph..

This time it's with much more information thanks to TheRationalRoot.

See the three big Circles? Halving followed by Peaks and then Bottoms but forth part is no labeled? May be that's for us to interpreted. If you look closely, to me it's almost gradually spreading lines except for the first halving cycle of course that was the maturing stage. But after two halves somehow it's clear this line will be almost straight with a peak or two that might be touching $100k circle.

Although the current line is closer to $10k but look closely, see image 2 that small bulge can easily push BTC to the outer line of $100k. Again this graph is not for the price prediction in the near future, so don't take it literally.

More I'm loving the pie names just look at it in a sequence Hope, Calm, Optimism, Belief, Intermission, Trill, Euphoria, Complacency, Denial, Panic, Capitulation,  Depression, Enduring, Stagnation, Disbelief, Doubt.

In the meantime we have passed Panic and Capitulation and now we are entering the Depression and Enduring stage and I can feel the end of Depression is going to Enduring.

"A picture is worth a thousand words" so it's open for you to interpret.

Last but not the least... Bull market 2024 is confirmed.

Let's march to Q1'23!"


This has to be in Fullscreen view.

Image 2


https://twitter.com/therationalroot/status/1606702975422021632

It's time to update HODL’ers cheat sheet. #Bitcoin

Just a quick update on this and remember each rotation is full market cycle of 4-years

We are around Stagnation and moving towards Disbelief with halving just around the corner.

Stagnation: This is a suckers rally

Disbelief: This rally will fall like before


https://www.bitcoinstrategyplatform.com/cheatsheet/

This graph actually should be combined with Bitcoin Spiral : 4 Year Cycle.

I will directly quote from the original posts.

In a very short period of time, the possibility to get to a full #Bitcoin will completely disappear for 99.99% of the people on planet Earth. At $36,000, it's already priced out most of the world in terms of a full #BTC.

Think about this. One #BTC used to cost $1, then $10, than $100, then $1,000 and then $10,000. Next up is $100,000, then $1,000,000.

How do I know this? Because every 4 years (one full cycle), #Bitcoin adds a zero. This is not opinion. It's fact. See image below. 

https://twitter.com/olvelez007/status/1727380903914041396

Look at the right hand side of the spiral around the 3 o'clock point. Look carefully and you'll see that every full loop or spiral, #BTC adds a zero to the last "1" digit number it previously achieved. Each full spiral equals 4 years. Next up, $100,000. Are you ready?

Will my next post on this add another "0" to BTC price? Fingers crossed!!!