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

[True Myth]

I think the hardest part for newcomers is the first bull run followed by a hefty correction.  It's hard to deal with the "I'm a genius" followed by the "shit I fucked up" roller coaster of emotions.  Many of those newcomers sell and call it a loss.  Some of the newcomers tough it out and live to see the next bull run with newfound confidence in the bitcorn.

This is a big reason to do the "don't invest what you can't afford to lose". Being down and in a shitty position can force you to do things that just make things worse.

This is very true.  However, "what you can afford to lose" becomes a sliding scale for many people while facing losses they may not have expected.  Maybe they initially thought "Shit, I can afford to throw $10,000 at this and lose it worst case scenario." Then suddenly they see $10,000 turning into $4,000 and start thinking "Well better to have $4,000 instead of $3,000 in my pocket".

There are many studied psychological theories such as Status Quo Bias and Risk Aversion Bias that greatly impact people and thier decision making abilities.  Simply put, you may find yourself doubting the decision you made today even though you're currently 100% sure of it.  Emotions are a very powerful and funny thing that many folks do not understand how to control or be self aware of.

A close friend of mine went to college for many years and studied investing and finance.  While speaking to him during one of the bear markets he asked "How are you feeling with the current bear market?" I told him that it's just part of the cycle and I've been buying as much as I can on a weekly basis.  I told him everything has cycles including the stock market.  Now is the best time to buy.  He told me that this strategy and mindset is one of the hardest things to overcome in the investing/finance world and something many (even expierenced) investors struggle with.

This is a great example in which the person who bought $10k worth of bitcoin subsequently suffers a 60% or greater crash (loss of value), and if he continues to buy, then he may well bring down his average cost per BTC and end up in a  much better position based on such persistence in his buying... see my examples earlier in this post.

I wholeheartedly agree with you. What I am trying to say is many (I would argue majority of the general population) don't think like this or understand this.  Maybe thier faith in Bitcoin just isn't there and they feel like they've "been had".  Especially after thier Uncle Joey saw a video on YouTube explaining how "Bitcoin is a Ponzi Scheme" and calls them an idiot for buying it.  Or maybe they are thinking they should buy the new SuperElonGTA6DogeRocket coin thier coworker told them about having a better return potential.

Also, thanks for the merit pushing me to "Full Member" status.

Of course, we can take into account the various misinformation that people have about bitcoin and their distractions into shitcoins, but sooner or later more and more people will be getting into bitcoin and we are still in the very early stages of bitcoin adoption in which we likely have to be mostly making sure that we protect ourselves and that our bitcoin investment is both sufficiently stacked but also that we have engaged in a certain amount of sustainable balancing and security in order to make sure that we do not lose our bitcoin and/or we are not forced to sell any or all of our bitcoin at a time that is not anything other than our complete own choosing.

Even with your own forum registration date of late 2017, you have had the potential of enough time in bitcoin in order to have had been able to accumulate some bitcoin along the way, and surely some people are in better positions than others in order to be aggressive in their BTC accumulation, but some people do not have enough cashflow to put themselves into real solid BTC accumulation, even after 6 or more years being in bitcoin.

Even though some of us who had already stacked most of our BTC prior to the most recent cycle from 2019 to now (let's say the last 4 years), there still might have been a lot of advantages to those who have not been in bitcoin as long in the last 18 months, the BTC prices have provided quite a few opportunities to stack sats for seemingly low prices relative to the 200-week, moving average, and so hopefully you were able to take some advantages of that period of time that may well now be behind us... perhaps?  perhaps?

Can always count on you for lengthy responses 

I'm not certain but, I believe your last sentence was a question.  If so, as mentioned in my other posts, I've been buying bitcoin since I first discovered it.  Majority of my buys are during the bear seasons.  Occasionally, picking up buys during corrections in bull runs.

I am fortunate enough to be in a position where I have cash left over after monthly expenses.  Besides an emergency fund and some stocks, all of my cash goes into Bitcoin.  I've had no reason to ever sell any sats since I've started my accumulation.  I'm not fortunate enough to have had the opportunity to accumulate as early as some of you all but, still consider myself fortunate to start when I did.

If you checked my profile stats you may have also noticed I don't typically post during bear seasons and reappear as bull runs start.  My only focus during bear seasons is life and accumulating.  Bull runs are just too exciting to expierence alone though.  That and I didn't want to miss the Christmas cards this time around   

[Torque]

I think the hardest part for newcomers is the first bull run followed by a hefty correction.  It's hard to deal with the "I'm a genius" followed by the "shit I fucked up" roller coaster of emotions.  Many of those newcomers sell and call it a loss.  Some of the newcomers tough it out and live to see the next bull run with newfound confidence in the bitcorn.

This is a big reason to do the "don't invest what you can't afford to lose". Being down and in a shitty position can force you to do things that just make things worse.

This is very true.  However, "what you can afford to lose" becomes a sliding scale for many people while facing losses they may not have expected.  Maybe they initially thought "Shit, I can afford to throw $10,000 at this and lose it worst case scenario." Then suddenly they see $10,000 turning into $4,000 and start thinking "Well better to have $4,000 instead of $3,000 in my pocket".

There are many studied psychological theories such as Status Quo Bias and Risk Aversion Bias that greatly impact people and thier decision making abilities.  Simply put, you may find yourself doubting the decision you made today even though you're currently 100% sure of it.  Emotions are a very powerful and funny thing that many folks do not understand how to control or be self aware of.

A close friend of mine went to college for many years and studied investing and finance.  While speaking to him during one of the bear markets he asked "How are you feeling with the current bear market?" I told him that it's just part of the cycle and I've been buying as much as I can on a weekly basis.  I told him everything has cycles including the stock market.  Now is the best time to buy.  He told me that this strategy and mindset is one of the hardest things to overcome in the investing/finance world and something many (even expierenced) investors struggle with.

My father, who is still alive, got burned on an investment back in the 1980s.

To this day he refuses to discuss it with me, but it must have been a bad enough blow to his psyche and/or wallet, because he has never privately invested in anything since. He has become far too risk averse.

That is the real tragedy and lesson: not getting back into the game once burned.

He sat on the sidelines and missed so many investment opportunities from the 80's, 90's, 2000's and beyond...

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[hisslyness]

I think the hardest part for newcomers is the first bull run followed by a hefty correction.  It's hard to deal with the "I'm a genius" followed by the "shit I fucked up" roller coaster of emotions.  Many of those newcomers sell and call it a loss.  Some of the newcomers tough it out and live to see the next bull run with newfound confidence in the bitcorn.

This is a big reason to do the "don't invest what you can't afford to lose". Being down and in a shitty position can force you to do things that just make things worse.

This is very true.  However, "what you can afford to lose" becomes a sliding scale for many people while facing losses they may not have expected.  Maybe they initially thought "Shit, I can afford to throw $10,000 at this and lose it worst case scenario." Then suddenly they see $10,000 turning into $4,000 and start thinking "Well better to have $4,000 instead of $3,000 in my pocket".

There are many studied psychological theories such as Status Quo Bias and Risk Aversion Bias that greatly impact people and thier decision making abilities.  Simply put, you may find yourself doubting the decision you made today even though you're currently 100% sure of it.  Emotions are a very powerful and funny thing that many folks do not understand how to control or be self aware of.

A close friend of mine went to college for many years and studied investing and finance.  While speaking to him during one of the bear markets he asked "How are you feeling with the current bear market?" I told him that it's just part of the cycle and I've been buying as much as I can on a weekly basis.  I told him everything has cycles including the stock market.  Now is the best time to buy.  He told me that this strategy and mindset is one of the hardest things to overcome in the investing/finance world and something many (even expierenced) investors struggle with.

My father, who is still alive, got burned on an investment back in the 1980s.

To this day he refuses to discuss it with me, but it must have been a bad enough blow to his psyche and/or wallet, because he has never privately invested in anything since. He has become far too risk averse.

That is the real tragedy and lesson: not getting back into the game once burned.

He sat on the sidelines and missed so many investment opportunities from the 80's, 90's, 2000's and beyond...

It is unfortunate, but the course he took, ultimately put you in the position you are in now.

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[BTC_pokaop]

buddy you forgot to mention HODL, always HODL.

Many can't handle the lure of more money. Bitcoin price is currently trending upward, so we can never get greedy. If you want to get good profit, you can't be greedy, you have to HODL for a long time. So keep buying more bitcoins with DCA method than selling bitcoins right now.

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[Alphakilo]

My father, who is still alive, got burned on an investment back in the 1980s.

To this day he refuses to discuss it with me, but it must have been a bad enough blow to his psyche and/or wallet, because he has never privately invested in anything since. He has become far too risk averse.

That is the real tragedy and lesson: not getting back into the game once burned.

He sat on the sidelines and missed so many investment opportunities from the 80's, 90's, 2000's and beyond...

I know of a friend whose dad was in a similar position but his was that he got burned by a friend who they made an investment in a business together.

Since then until he died 2 years ago. He had zero trust for friends and passed this mentality on to his kids.

Talking to them about any investment is just a waste of time. They already like you are there to scam them.

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[DirtyKeyboard]

ChartBuddy's 24 hour Wall Observation recap
..
In my amateur Probably Obvious Opinion on Wall Observation:  Often large ask walls on the right, are not scared people wanting to sell a load of BTC. 
Oh no.  They are convincing foolish others who do want to sell (or sorry if you need to sell right now) to set their asks below the wall price.  Otherwise it'll never sell, right?
Thus providing cheaper corn for all who can harvest.  But, as noted above, the wall can only last so long.   

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[vroom]

ChartBuddy's 24 hour Wall Observation recap
..
In my amateur Probably Obvious Opinion on Wall Observation:  Often large ask walls on the right, are not scared people wanting to sell a load of BTC. 
Oh no.  They are convincing foolish others who do want to sell (or sorry if you need to sell right now) to set their asks below the wall price.  Otherwise it'll never sell, right?
Thus providing cheaper corn for all who can harvest.  But, as noted above, the wall can only last so long.   

in the past we noticed, that most of these walls disappear before they get eaten. so these individuals don't really want to sell bitoin, they use these walls as a kind of tool to suppress the price for a period of time.

thanks for these gifs. looks cool how the wall suddenly appears

[OutOfMemory]

ChartBuddy's 24 hour Wall Observation recap
In my amateur Probably Obvious Opinion on Wall Observation:  Often large ask walls on the right, are not scared people wanting to sell a load of BTC. 
Oh no.  They are convincing foolish others who do want to sell (or sorry if you need to sell right now) to set their asks below the wall price.  Otherwise it'll never sell, right?
Thus providing cheaper corn for all who can harvest.  But, as noted above, the wall can only last so long.   

in the past we noticed, that most of these walls disappear before they get eaten. so these individuals don't really want to sell bitoin, they use these walls as a kind of tool to suppress the price for a period of time.

thanks for these gifs. looks cool how the wall suddenly appears

Yeah, that's likely an "intimidation wall" to trigger panic reactions like "oh no! Bitcoin is going to crash at insert_wall_ask_price_here !!!"

[bitcoinPsycho]

buddy you forgot to mention HODL, always HODL.

Many can't handle the lure of more money. Bitcoin price is currently trending upward, so we can never get greedy. If you want to get good profit, you can't be greedy, you have to HODL for a long time. So keep buying more bitcoins with DCA method than selling bitcoins right now.

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[Antisthenes]

Cool maximum potential to 70k.

It’s not late 2024 yet.

Would it be safe to suggest, We Are So Back.

No, it wouldn’t be “safe”.

The messages I’m getting on social media from acquaintances would suggest we are back.

“Safely” too?

At least the people who have learned to keep one eye on crypto over the years.

If I’ve learned anything over the years, is that things are not what they appear to be.
Thanks to your lying asses of course.

It’s exciting to think we could see a massive move upward sometime in the next year or two and already the excitement is building.

Your … demolition is building, exactly as you fucks did with 9/11.

I don't even dare to ask 

Why? You are fond of them, so why not?

Also recently when I met a few people from the WO…

This almost sounds like a covert world intelligence meet-up, Bitcoin WO focused.
And no microgoosens, you are not intelligent at all - you are as thick as they come - I was referring to the others.

December will be fun.

January and February even more so.

I don't use the same language as you, but why 'disturbance' with WO guys??

Of course you don’t, you are merely a puppet.

If you have any mental problems then you can see a doctor...!

About that, I really don’t like doctors pseudo-doctors, and we’ll get to my mental problems for my next post.

I have to get my dick an ultrasound at the urologist later this AM.

Nobody cares about your dick Bob. You are so cursed anyways.

*sighs* Don't get old if you can avoid it.

Oh really? Speak for yourself.

Hoping you can get results as good as I have with whatever the dick issue you have is.

No dick issues here phil, is that an option?

The use of such word depends upon context...

No it doesn’t.

~ so stop being such a hater upon the attempts to communicate meaning, even as flawed and imprecise some of us might be from time to time.

Sustainable is a code word for genocide.

I am not sure if they could get away with Pandemic 2.. .but you never know, there may be some variation of pandemic in the mix, too.

Scamdemic, plandemic fuckdemic etc. - the zombie apocalypse is already amongst us.

I would recommend Flomax+Tadalifil for treatment, ~

Lightfoot cares about Bob’s dick - paint me me shocked - you unbelievable cunt.
No big Pharma pills promo OK? Let him lose his erection, in any case - it’s worth exactly zero.

You have a rational question that why bitcoin can't move to PoS?

Yeah, free energy.
Not anytime soon, but you never know.

For me, there is more chance of snow in Africa then bitcoin switching to PoS (or changing its code).

Being on a global cool-down 150 year cycle, you never know.
Then we have those fucking chem-trails, that surely assist in reflecting sunlight (becomes cloudy), poisoning human resources, and assisting H.A.A.R.P to cause and control “natural phenomena”. Indeed, what a fucked up world we live in.

~

What, no Trezor promotional propaganda anymore?

Christmas price prediction: $55,000
End of year price prediction: $65,000
2024 ATH price prediction: $179,000 

As always, delusional.

Real hodlers never sell.

Hahahahaha, 60%-90% every fucking cycle, just ask a whale.

Need confirmation the bull run has started…

It hasn’t, it’s all coming from liars, and that includes you too.
#months.after.halving

If we get over $43K I might have to start becoming even more bullish.

Does that mean that your combined lies will intensify too? Asking for a friend.

fuck

you.

Fuck your buddy if you want fuck.

#so.ghey
Could have done “fuck yourself if you want to fuck”.

Hah, you beat me!

Not yet, have patience.

Been buying on the way up(bull started right?)

No.

So not always to trust maths I guess?

That would be - never trust the pseudoscience construct of the establishment, dear pathetic microgoosens.
microgoosens is such a long word, how about I call you Rick instead?

For me, there is more chance of snow in Dubai then bitcoin switching to PoS (or changing its code).

Rinse and repeat.

How things have changed in just 1 year!

Yeah, your lying asses have been totally exposed and compromised.

GTA 6 release trailed got leaked, and fans have already made it crypto related. Guess every crypto character.

Gosh, I do appreciated the irony!

#blessed

Far from it, I’m afraid.

We are so back…..

Rinse and repeat for you too.
#such.shame

I might have to get a ticker going again in my living room.

Bob has many.

Its back

… the bear I suppose, right?

And now the word is that insider investors are dumping their nVidia shares.

How about the U.A.E oil de-pegging from the dollar?

Like cryptomining with GPUs, everything has an end.

Interesting, does that apply for Bitcoin too? Switch to POS perhaps?

2024 has been one big correction.

Insider knowledge?

God candle! I like the sound of that!

You guys are pathetic.

Jesus.

Christ, the Nazarene. Jesus is His Earth-bound name. The “Nazarene" is he who reveals what is hidden.

So while we may be in a bull market now, we should have never gotten this low in the first place.

We are not, and it’s called miner consolidation.

The time to fill your bags might be behind us, but a good DCA strategy will never do you wrong.

Neither will chunk buying at the bottom of each cycle.

The exciting part is that if this buying could somehow magically continue for the next 5 months, it could really ramp up once the halving takes place.

“Magically”?
Magic is shit to the will of the Heavenly Father of Light.

holy moly ~

Who is that, your whore mother?
Sorry to break it to you, but unfortunately, she is far from “holly”.

I still think the middle east is still the primary objective for TPTB...

Excellent intelligence, just wait for my next post too.

https://www.visualcapitalist.com/97-trillion-of-global-debt-in-2023/

Don’t worry, Bitcoin will probably take care of that, and make it sustainable sUst@iNabLe.

Kidding, this is not the time for selling.

Oh yes it is.

Maybe it is because I am a shit salesman, but I'd gave it my best!

Why, did you find God?
#just.kidding

Ha!  "gobble-dee-goos of cash"  Thanks for the chuckle @JJG 

AI’s do get you excited, I wonder why, not.

DCA is a shit strategy if you forget to buy. I missed out on the last 5%. :/

The post is coming, hold your horses, need to finish with the lies of the past two days first.

Cleansing effect is a nice way to put it.

Indeed. After fire comes water, and then you are no more.


Timeout!

[FinePoine0]

147 days to wait for Bitcoin halving countdown.  Meanwhile blocks are coming down on the wall side, don't forget to Hold bitcoins.