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

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[1714302579]

1714302579

[1714302579]

1714302579

[1714302579]

1714302579

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[JimboToronto]

Anyone here who made it with Bitcoin but still keeps living like a average person? Thank god I made it, thanks to Bitcoin. But I keep staying in cheap hotels, try to eat good food but without spending unnecessary money etc. For example, I eat a good steak but I don’t choose a steak house but prefer a supermarket where you buy the meat from the butcher and then they cook it for you in the built in restaurant.. That costs me 20 bucks vs 60-80 bucks in the steak house for the same meat. I’m not sure if this is a good or a bad habit. I hate to spent money on things that do not give me more benefits than the cheaper version. A luxury hotel is nice but at the end you just need it for the night sleep. I’m outside all day exploring. Some people spent 500 bucks a night for a hotel. I try to safe 5€ per night by finding the same hotel over google. Usually I pay 40-50€ per night for a hotel

Another example, I live in the center of Bangkok and stay in a luxury apartment in Asok. The room is only 30 sqm and it costs me 700 euros a month. I could have a 60 sqm apartment in the same building but would cost me 1400 Euros. I just can’t justify spending that much money every month because it’s money I won’t ever see again.  So, I live on a budget, but still in a luxury place. Trying to find the middle way when it comes to spending money.

Would be interesting to hear different opinions on this topic. Some people spent it on yachts and lambos. I try to live as cheap (but good) as possible.

I subscribe to semi-austerity. No Lambos, yachts or fancy restaurant meals.

We buy as much of our costlier foods (meats, cheeses, etc) when they go on sale and keep a well stocked freezer. We get our fresh fruits and vegetables from local family greengrocers and cook everything from raw to eat at home. We do however pay to get dry aged AAAA Prime steaks from a local high-end butcher shop. We get our burger freshly ground from pieces of beef and pork I personally select at a lower-cost family butcher shop. No scraps.

The one exception we make is prime rib roast. To make really good prime rib you need not only the finest beef but also it must be the entire standing rib. None of our ovens are large enough. Also I prefer extra rare while my wife insists on well-done. That means we go out to a restaurant that is the flagship location of a chain of steakhouses and gets the best meat. Even that's for special occasions.

I wear mostly second-hand clothing. Why pay $100 for a pair of Levis when I can get an almost-new pair for $12-$15? I buy only high-end boots but only at discount prices.

I don't drive a car so the only vehicles I own are my ATVs. My workhorse, a four-seat John Deere Gator with all the top-end options, I bought with Bitcoin near the top of the market. The price was based on a dollar value of less than half price even though it had only a few kilometers on it. It was in such great condition that most people upon first seeing it assume it's brand-new.

Our only boat is a pedal boat. No motors on our pristine lake.

We try to fly at the cheapest times and on the cheapest airlines, always economy class. When we stay in Playa del Carmen, we stay in a small family-owned hotel where we can get a spacious room with a small kitchen and dinette for $25USD per night, and cook our own meals.

Most of the bitcoins I've sold have gone into real estate and I consider that to be just a diversification of investments.

No need to splurge and act like a high-roller when that really means just being another consumerist sucker.

[OutOfMemory]

Anyone here who made it with Bitcoin but still keeps living like a average person? Thank god I made it, thanks to Bitcoin. But I keep staying in cheap hotels, try to eat good food but without spending unnecessary money etc. For example, I eat a good steak but I don’t choose a steak house but prefer a supermarket where you buy the meat from the butcher and then they cook it for you in the built in restaurant.. That costs me 20 bucks vs 60-80 bucks in the steak house for the same meat. I’m not sure if this is a good or a bad habit. I hate to spent money on things that do not give me more benefits than the cheaper version. A luxury hotel is nice but at the end you just need it for the night sleep. I’m outside all day exploring. Some people spent 500 bucks a night for a hotel. I try to safe 5€ per night by finding the same hotel over google. Usually I pay 40-50€ per night for a hotel

Another example, I live in the center of Bangkok and stay in a luxury apartment in Asok. The room is only 30 sqm and it costs me 700 euros a month. I could have a 60 sqm apartment in the same building but would cost me 1400 Euros. I just can’t justify spending that much money every month because it’s money I won’t ever see again.  So, I live on a budget, but still in a luxury place. Trying to find the middle way when it comes to spending money.

Would be interesting to hear different opinions on this topic. Some people spent it on yachts and lambos. I try to live as cheap (but good) as possible.

If you want (or buy) is what you (really) need, i don't see much of a failure. Just because it's money, doesn't mean it has to be spent for things you don't need just because you can. Maybe the lambo and yacht people are just bored with their lives and try to compensate for it through luxury goods and lifestyles. Don't get me wrong, i don't have a problem how others spend their wealth, as long as they don't want to put themselves on top of others, feel more important or valuable through showing their richness. In the end, most of all stuff we do or buy, we expect to make us feel better, feel alive. When you think twice, the little things and relations are what serve this purpose the best, imo.
There are whole industries telling us every day what makes us feel good or valuable, but again, if you already know how to get there, you don't need all these things they want to seduce us to throw our money at.
Sorry for my awkward semantics, i had an exhausting day today. I think most of you understand, though.

[Biodom]

Anyone here who made it with Bitcoin but still keeps living like a average person? Thank god I made it, thanks to Bitcoin. But I keep staying in cheap hotels, try to eat good food but without spending unnecessary money etc. For example, I eat a good steak but I don’t choose a steak house but prefer a supermarket where you buy the meat from the butcher and then they cook it for you in the built in restaurant.. That costs me 20 bucks vs 60-80 bucks in the steak house for the same meat. I’m not sure if this is a good or a bad habit. I hate to spent money on things that do not give me more benefits than the cheaper version. A luxury hotel is nice but at the end you just need it for the night sleep. I’m outside all day exploring. Some people spent 500 bucks a night for a hotel. I try to safe 5€ per night by finding the same hotel over google. Usually I pay 40-50€ per night for a hotel

Another example, I live in the center of Bangkok and stay in a luxury apartment in Asok. The room is only 30 sqm and it costs me 700 euros a month. I could have a 60 sqm apartment in the same building but would cost me 1400 Euros. I just can’t justify spending that much money every month because it’s money I won’t ever see again.  So, I live on a budget, but still in a luxury place. Trying to find the middle way when it comes to spending money.

Would be interesting to hear different opinions on this topic. Some people spent it on yachts and lambos. I try to live as cheap (but good) as possible.

For me, both "yes" and "no".
I still live like a middle class, but with 'upgrades': take an extra trip to an interesting place at least once, maybe twice, in 12 mo, upgraded (renovated) the house, etc.
Still fly economy class, but at some point would upgrade too 'cause sitting on those tiny seats in Transatlantic flight, being surrounded by heavy people, is rough.
At some point (if and when btc goes to millions), peeps, including myself, would probably need to upgrade the lifestyle...or it will come 'naturally": your wife will leave you (and take her 50%) is you would force her to live frugally when she knows that you have the resources, it is as simple as this. You can still have a relative balance: not buying multiple residences, but just buying nice clothes and jewelry for her/him. BTW, nice clothes are ALWAYS better than cheap ones. I bought an expensive leather jacket a few decades ago, and it is as good many years later.

I subscribe to semi-austerity. No Lambos, yachts or fancy restaurant meals.

Most of the bitcoins I've sold have gone into real estate and I consider that to be just a diversification of investments.

No need to splurge and act like a high-roller when that really means just being another consumerist sucker.

I guess to me buying unneeded RE is being what you described, but to each their own.
Habits differ. People here are buying expensive boots...which I never understood, but it is interesting.
I would definitely splurge on a car in the future, just to try several brands over my life..used to drive bland cars, now a "muscular' car, then maybe some vroom vroom car (when btc is at a cool million)  .
The main idea is not to change who you are very much, but enjoy the journey.

[WatChe]

buddy is a bit tired from the 35k to 45k move.

he is relaxing this weekend.

I see a nice move the next work week.

I think buddy is the only one who works 24/7/365 and never takes break just like Bitcoin  

Hopefully we will see 50k next week.

Have a nice week ahead.

[OutOfMemory]

BTW, nice clothes are ALWAYS better than cheap one's. I bought an expensive leather jacket a few decades ago, and is as good many years later.

Also more durable/sustainable, when properly handled. In the end, quality wear often induces less cost, over time.

EDIT: I just remembered me buying a 10-pack of cheap t-shirts on amazon, two years ago. One wash later and they were like half sized.
I gave em to my kids, not a single one lasted longer than a few washes, mainly because of the poor stitching.

[Biodom]

One interesting extra point about bitcoin and lifestyle.
Since owning bitcoin gives you no direct cash flow, in order to spend, you would need to sell bitcoin, which many bitcoiners find at least in part objectionable, 'cause "number is going up".
Personally, I am not sure how to deal with this: so far, I was selling very infrequently, then mostly re-investing in various assets.

There is also a difference between people who are still working (steady paycheck) and those on a fixed income (pension, social security, etc).
Right now, $1 mil in money market fund gives you 53K in interest yearly, so $2 mil would finance a middle class lifestyle (a bit more than $100K/year in interest) in most of US (not in SanFran or NY) without even a need for pension or social security (or they would come as a nice bonus). It is unclear how long will this situation continue, though.

There are some interesting places on the web to read about various ways to be retired with money: i sometimes lurk on the reddit.com/r/FIRE....a bit of snobbish attitude, but also quite interesting.
One point I read there: if you are working at a job you don't particularly like and your investment exceeds you work salary for many decades, like 30-100 years, then quit and retire to what you really like.
Chances are, you would make even more money with your stash and will be free at the same time.
Personally, this is not for me since I still enjoy working, but for many people, that's the "ticket".

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[modrobert]

I like seeing Bitcoin on the rise, but have this eerie feeling it will not mean much by the time it really takes off (hopefully wrong about that).

No need to splurge and act like a high-roller when that really means just being another consumerist sucker.

Yes, and it's even worse when not enjoying spending, turning into a jaded consumerist. Remind me why we do this again?

[SamReomo]

Anyone here who made it with Bitcoin but still keeps living like a average person? Thank god I made it, thanks to Bitcoin. But I keep staying in cheap hotels, try to eat good food but without spending unnecessary money etc. For example, I eat a good steak but I don’t choose a steak house but prefer a supermarket where you buy the meat from the butcher and then they cook it for you in the built in restaurant.. That costs me 20 bucks vs 60-80 bucks in the steak house for the same meat. I’m not sure if this is a good or a bad habit. I hate to spent money on things that do not give me more benefits than the cheaper version. A luxury hotel is nice but at the end you just need it for the night sleep. I’m outside all day exploring. Some people spent 500 bucks a night for a hotel. I try to safe 5€ per night by finding the same hotel over google. Usually I pay 40-50€ per night for a hotel

Another example, I live in the center of Bangkok and stay in a luxury apartment in Asok. The room is only 30 sqm and it costs me 700 euros a month. I could have a 60 sqm apartment in the same building but would cost me 1400 Euros. I just can’t justify spending that much money every month because it’s money I won’t ever see again.  So, I live on a budget, but still in a luxury place. Trying to find the middle way when it comes to spending money.

Would be interesting to hear different opinions on this topic. Some people spent it on yachts and lambos. I try to live as cheap (but good) as possible.

Why don't you move to a better place where things are much cheaper and the rent doesn't cost you 700 euros per month? In many countries people live for less then $200 per month and that life isn't just simple living but fully enjoyable living for that amount. I know in many places the rent for a whole house if around $100 to $150 per month where you can get 2 bed rooms and 2 bathrooms plus a 1000 sq ft area. If you purpose is to save money then my suggestion would help you better but if your purpose is to save your money and not utilize your Bitcoin earned wealth then you might do whatever suits you better.

We have got this life for one time only and we must have to enjoy it fully. We won't return to planet Earth after departure so it's not really needed to live below average life when you have the money that you can spend to acquire things that make your life more enjoyable. I won't say that it's fair to waste money but utilizing money is needed sometimes in order to have pure happiness in our lives.

[AlcoHoDL]

AYH attained.
Everything's green on my screen.
Q1 should be fun.

Chopper's rising high,
Soon to reach $70k.
Elon's rocket next?

Buffett said it best:
Getting richer while you sleep.
Living while awake.

Pre-Halving action:
ETF, then God candle.
Then Halving top-up.

First they ignore you,
Then price gets to 6 digits,
Then you get the calls...

No coincidence,
That "religion" and "prison",
Rhyme well together...

Not much else to say...
Even with a U-shaped dick,
A coiner life's good!

#7wodigestsundayhaikus

[vapourminer]

BTW, nice clothes are ALWAYS better than cheap one's. I bought an expensive leather jacket a few decades ago, and is as good many years later.

Also more durable/sustainable, when properly handled. In the end, quality wear often induces less cost, over time.

EDIT: I just remembered me buying a 10-pack of cheap t-shirts on amazon, two years ago. One wash later and they were like half sized.
I gave em to my kids, not a single one lasted longer than a few washes, mainly because of the poor stitching.

i have a charlie daniels band tshirt i bought in the 1980s that i can still wear

edit yes its been washed lol

[snowpega]

Satisfaction

[vroom]

is the wall gone?

Explanation
Chartbuddy thanks talkimg.com

Explanation
Chartbuddy thanks talkimg.com

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[Hueristic]

Anyone here who made it with Bitcoin but still keeps living like a average person? Thank god I made it, thanks to Bitcoin. But I keep staying in cheap hotels, try to eat good food but without spending unnecessary money etc. For example, I eat a good steak but I don’t choose a steak house but prefer a supermarket where you buy the meat from the butcher and then they cook it for you in the built in restaurant.. That costs me 20 bucks vs 60-80 bucks in the steak house for the same meat. I’m not sure if this is a good or a bad habit. I hate to spent money on things that do not give me more benefits than the cheaper version. A luxury hotel is nice but at the end you just need it for the night sleep. I’m outside all day exploring. Some people spent 500 bucks a night for a hotel. I try to safe 5€ per night by finding the same hotel over google. Usually I pay 40-50€ per night for a hotel

Another example, I live in the center of Bangkok and stay in a luxury apartment in Asok. The room is only 30 sqm and it costs me 700 euros a month. I could have a 60 sqm apartment in the same building but would cost me 1400 Euros. I just can’t justify spending that much money every month because it’s money I won’t ever see again.  So, I live on a budget, but still in a luxury place. Trying to find the middle way when it comes to spending money.

Would be interesting to hear different opinions on this topic. Some people spent it on yachts and lambos. I try to live as cheap (but good) as possible.

Freedom is what counts, NGU is a side effect that gives you the toys but you lose a bit of freedom with every toy you buy.

For what it's worth, my experience with people of faith (mainly Christians, bus some from other religions), has been pretty negative, on average. I find many of them to be among the most aggressive, intolerant, arrogant, stubborn, closed-minded, bitter, toxic individuals I've ever met. For me, the fact that someone is deeply religious is a pretty accurate predictor of one or more of the above traits. There are exceptions, of course, but the norm seems to be like that.

It's sad, really... I wouldn't wish it on anybody.

You forgot they are the biggest hypocrites that walk the face of this planet.

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[JayJuanGee]

[edited out]

For what it's worth, my experience with people of faith (mainly Christians, bus some from other religions), has been pretty negative, on average. I find many of them to be among the most aggressive, intolerant, arrogant, stubborn, closed-minded, bitter, toxic individuals I've ever met. For me, the fact that someone is deeply religious is a pretty accurate predictor of one or more of the above traits. There are exceptions, of course, but the norm seems to be like that.

It's sad, really... I wouldn't wish it on anybody.

I don't really like to subscribe to the theories of Bitcoin as a religion, but it seems that some of us can become the same way about bitcoin, and so to the outsiders (or the non-believers) or those who do not get bitcoin, we can come off in those kinds of similar ways in terms of our having a kind of vision that might not be shared by others - and so many times, even when people are seeming to be closed-minded and stubborn, they frequently will still like to consider themselves as being reasonable and open to a variety of views, but at the same time, are going to be wedded towards seeing the world through their own ways of framing matters... ..

so I am not sure, I am feeling mixed on the topic regarding how strongly even some people feel about their beliefs, because they might actually be open in regards to some topics, while at the same time being stubborn in other topics... and yeah, sure, I have met people who are irritating to be around.. and sure sometimes it might go back to seeming to be about religion, but I am not sure the difficulties of dealing with others is merely religion..  Of course, in recent times, we have been seeing a lot of political divides, and so worship of the state or being anti-state and then dividing of camps on these kinds of grounds, but then how much anyone divides or how much they believe their party might resolve their issues might depend upon which issue(s) we are discussing.. and looking towards leaders to rescue us from our broken money system while not necessarily recognizing that the various aspects of the broken money system might be the cause of the problems and/or disagreements about not getting enough, while at the same time blaming the problem on other kinds of ways that there are inequalities and differences of opinion regarding how the pie should get divided.

Once it reaches 50K, all the grandmas and taxi drivers fomo in, then one sells.
Then when it dumps back to 40K, one buys those coins back.
Not rocket science.

I will still be Hodling at 50k.
CC: JayJuanGee

Why do I get a mention?

I am thinking that $50k to $55k is a current kind of point of resistance, just as I had thought that $35k was our previous point of resistance....
.. with a cashing out rate of 5% of the BTC stash every time the BTC price went up 50%.

50k now is a now new target value for most of us because of current bull run.

Yeah, but would "most of us" be trading - because I personally see certain possible resistance points, but I hardly even attempt to change any of my behaviors based on such perceptions of such possible resistance points, and this time around I have certain sell orders that go up every $500 when we were in the lower $20ks and below, and then it converted to every $1k around $32k, and then it converted to every $1,500k right around $43k and then  there are some various minor changes downwardly in the quantity that is sold around $50k and then converting into sales every $2k after going over $56k... and even though my sell increments are pretty tight, there is still some kind of expectation that the amounts are so small that I am not worried if the BTC price does not correct back down - even though surely I remain somewhat surprised that there have not been any major corrections since $27k.. but at the same time, I am prepared to accept that the BTC price could go up 3.5x or more (from $27k) without any major corrections.. and so either way it is o.k..   and surely there are a lot of guys that do not even attempt to play around with any kinds of sales prior to even higher prices, so those kinds of peeps are not going to be messing around with BTC sales prior to going back over the ATH.. which I would think a minimum of $80k and many times even higher than that.

So the "most of us" does not even seem to rise to the level of "many of us" - even though surely I could give you some benefit of the doubt for speaking for a certain circle of people that you choose to identify as a kind of "most of us."

The way price jumped up and crossed 40k in a short span, now the bet is whether Bitcoin will touch 50k or not. May be as sirazimuth said many will buy when price touch 50k, while there are many who are waiting for this price to sell there coins. You are very right in saying that 50 to 55k will be new resistance but that resistance will be better then 30k resistance.

I hate to characterize exactly what I believe the resistance to be at $50k to $55k, but I have somewhat of a difficult time believing that we could just end up going from $27k and passing straight through noman's zone.. .so it is hard to know, while at the same time, it seems most logical that anyone should be attempting to judge his own situation rather than merely using the BTC price as a guide, and if anyone has been accumulating BTC for less than a full cycle then they probably are not really in a great position to be selling any BTC, even if their BTC happen to be in profits.

Maybe one of the ONLY exceptions that I would see would be if someone might have front loaded their BTC investment in 2018, 2019 and/or 2020, then they would be in a much better position than the regular (and normal) person who is merely DCA'ing or otherwise just regularly accumulating for the past 4 years or less.

Even with your forum registration date, maybe we could consider you as being close to a full cycle kind of guy, but still even if you had been fairly aggressively accumulating BTC for the last 4 years at $100 per week, you would have invested right around $21k, and you would have gotten around 1.11 BTC ($48,840)- which still is ONLY around less then 2.5x rise in value. or around 150% profits.. and with an asset like bitcoin, I have my doubts about the extent that it would be worth it to be cashing out any BTC - unless maybe you had happened to front load your investment, like I already mentioned...

so for example the same kind of investment as I described above might be a person who started out and invested around $40k into BTC around late 2019 or early 2020, and maybe that person could have gotten anywhere between $7k and $10k per coin (so anywhere 4 BTC and 5.7 BTC).  So if we add those quantities onto the above investment, then there is a 5.11 BTC ($224,840) to 6.81 ($299,604), and so such a person who front loaded the investment would have more liberties to be shaving off profits at $50k, if so inclined, even though surely it could be better to wait another cycle and just keep accumulating. even though the person with 6.81 BTC and around $88,840 invested probably would be feeling good to potentially be getting to fuck you status (if we are using $2 million) during this cycle or maybe in the next cycle, so why screw up an accumulating technique if you are not yet at or near fuck you status?

Don't get me wrong. I mentioned you just on a lighter note that even if price touched 50k, I wont be selling my bitcoin. This is something we are discussing for quite sometimes now.

It does not seem to be a great place for selling a lot of coins, even if you might have already reached fuck you status.. But surely if you had already reached fuck you status, then maybe you would just shave off coins at various points, like I mentioned in my sustainable withdrawal thread...  

At the same time, maybe you don't have the same entry-level fuck you status as I suggest to be the default western status of $2 million (which would be right around 69 BTC right now), and that same chart is showing that a guy that currently has around 6.81 BTC might not be entering default entry level fuck you status until around 10 years from now, and of course, maybe your entry-level fuck you status is not $2 million, and surely my numbers might be a bit conservative on that chart, too.. perhaps? perhaps?.

A winter Sunny Sunday is a perfect day for hiking.
Location: Islamabd, Pakistan
   

Nice to get out. For sure.

[DirtyKeyboard]

-gif-

That 24 hour review does end un highlighting the poofed-ness of that wall, and such poofed-ness might cause some of us to wonder whether it is going to come back or not.  That is one of the interesting things about actually noticing walls, and wondering if they serve some kind of a purpose, and sometimes they will also move quite a bit, and it can be a kind of demonstration that some entity either has coins to sell (on the ask side) or money to buy BTC (on the buy side), and surely one of our favorites do play out if the walls are eaten rather than moved around and there have actually been some times in which walls were eaten really quickly, which will sometimes cause some of us to speculate that maybe the bluff (or the play) did not end up working out as planned. . but that it is one of the risks that any whale takes when s/he might be trying to keep the price within a range, and the play does not end up working out.. getting back to the idea of fake walls versus real walls, and it is difficult for anyone (outside of the person who put it up) to really know if the wall is real or fake.. we can ONLY infer.

I couldn't tell if the wall was out of frame or moved/pulled. It does seem to wash down towards the spread.  3 hour Wall recap

The wall could have also been sort of random.  If you've worked at a restaurant you might have noticed times that there were no customers for hours, and then out of no where everyone seems to just start piling in.  That was a pretty steep wall, but it was on a very round number.

is the wall gone?

Feels like it's out there somewhere, just biding its time.