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

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[1714296188]

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[Biodom]

This week will be epic both for Bitcoin and me! The long awaited ETF will be a fact by Wednesday. On that day I will receive the keys of my new home. The next day my super computer will arrive. On the day after I will get 1Gb optical internet. Not to mention my new job, where I quickly became a boss. And the city is so nice and developed, I fell in love with it. The only bit missing in this puzzle is the price 130K+, when I intend to pay off my mortgage in full

Nice...tell us more about a "supercomputer"  
Going from keys on Wednesday to paying off mortgage at 130K...wow.
It totally makes sense to pay off a 6-7% mortgage, though..as long as it's only a portion (or a small portion) of your bitcoin.

<snip>
The pc will be with the latest components, like cpu intel 14900kf, 192G RAM, 3SSD, Nvidia 4090, water cooled case. The funny part is that the girl from the bank asked a lot of stupid questions for approval of the loan, like "for what will you use the computer?". I said "For checking my email." This answer obviously didn't satisfy her and she went on and on, and I was giving the most ridiculous answers I could figure out.  

Nice! 4090 is a 'beast" of a card.
EDIT: Imho,  the proper answer to the question "What you will be using the computer for? " is: "For computing/computations"  .

[JayJuanGee]

My name is bitebits and I have $10k in my bank account.

That's a bit random, unless it is in connection with "My name is Robert Paulson"-from the "Fight club".
If not, then i should say that very few Americans have 10K in the bank.

60% live paycheck to paycheck:
https://www.cnbc.com/2023/12/11/why-even-americans-making-more-than-100000-live-paycheck-to-paycheck.html

A median checking account in US (called payment account or transaction account outside of US) balance was $2900 in 2022:
https://www.fool.com/the-ascent/research/average-checking-account-balance/

I was also kind of wondering the significance of having $10k in the bank.. .. .. there is a bit of a lack of context.

depending on how complex a persons finances, meaning whether single or married with a family, or having a business, or floating a lot of debt, a person might have a float in his account that might be anywhere between $500 and $5k, so if the float was on the higher-end, there could be times in which cash comes into the account that causes the actual balance to exceed $10k for short periods of time.

Even if we are talking about current entry-level fuck you status as being $2 million, then I would think that there are quite a few folks who are already used to getting $6,666 or more per month into their account in terms of income and then presumptively their expenses could end up being in that same ballpark, even though personally, when I was in my "job-based" income earning years, I had always been into saving/investing at least 10% of my income.. which means that by the time, I start to get close to or even into entry-level fuck you status, then there could be a bit of a presumption that there may well be a transition between having to save/invest any income and not needing to save any more because either there is a kind of maintenance stage in place or even getting into liquidation.. but still we should be able to use somewhere in the ballpark of $6,666 as a kind of possible standard income for someone who might be at or close to default entry-level fuck you status.

Don't get me wrong.  I am not suggesting that entry-level fuck you status is going to be the same for everyone, and maybe even within the west, there could be guys who are able to feel quite comfortable in having $1 million, which would mean $3,333 per month as their entry-level fuck you status.

Maybe another point, is that there could be various ways in which a guy might feel insecure with the level of his cushion if he had already entered into fuck you status, so that could well impact upon how much is drawn per month while he is still letting his funds/investments grow in order to have a bigger cushion and to practice drawing upon his funds at lower levels (and allowing them to continue to grow) for a considerable amount of time prior to increasing the withdraw amounts.. so maybe he feels that he has reached the default entry level fuck you status that allows him to withdraw up until $6,666 per month, but instead he withdraws between $3,333 and $5k per month in order to continue to allow the fund to grow, and maybe when it gets to $3 million in valuation (using the 200-week moving average and not spot price), then at that point he might up his monthly withdrawal amount closer to $6,666 per month.

Anyhow, my point is that mere fluctuations in cashflow could contribute towards $10k in the bank, but if we are referring to the float as being $10k, then we still might need to have an additional $6,666 in the account just to pay for monthly expenses, if someone might be consuming at the level of full default entry-level fuck you status.

One more thing that maybe I should mention.  We have had more than 2.5 months of mostly UPpity BTC price moves with hardly any dips more than 10%, and also we may also be on the cusp of having some spot BTC ETFs approved, and some might be erroneously considering that to be a sell the news kind of an event, and surely it remains dangerous to be playing with your BTC holdings in that kind of a way, even if you might have been accumulating a lot of fiat in the past 2.5 months waiting for dips that so far have not happened.. .and the mere fact that such dips have not happened, so far, does not mean that any such dip of greater than 10% is going to end up happening.. so you are playing with your own lil selfie if you are considering abilities to bet on down to be higher chances than betting on up (and maybe I don't really like the idea of betting, so maybe it would be better to just repeat the thing that I frequently I have said, which is to make sure that you are prepared for either price direction.. and ongoingly an overwhelming number of folks fail/refuse to significantly/adequately prepare for up).

TLDR:  The meaning of that statement of $10k being in the bank is quite unclear.

[Hueristic]

The funny part is that the girl from the bank asked a lot of stupid questions for approval of the loan, like "for what will you use the computer?". I said "For checking my email." This answer obviously didn't satisfy her and she went on and on, and I was giving the most ridiculous answers I could figure out.  

Fuck those nanny state banker cocksuckers!

Should have said "I like my porn in high quality, whats your onlyfans page?".

*as a funny aside in the early 90's I upgraded a buddies computers GPU just for his porn collection.

[Biodom]

Small steps in 2013 (check the vid):

https://www.youtube.com/watch?v=vOu6n44ldJU

in 2021 the same dude said that he hodled, but something in his voice tells me that he didn't, but maybe he hodled "enough" (ignore the s-t coin reference there):

https://www.youtube.com/watch?v=IEbhRKVH8bo

[Hueristic]

...

Ok, I watched Reacher season 2, the first 3 episodes.

Loving it so far! Could say it's even better than the first season.

The writing is tanking a bit, last episode pissed me off with their choices that were obviously only there to setup plot points.

[WatChe]

No hike today. Just a lunch in Mountains on a winter Sunday Jan 7,2024.  

 
Photo credit: Watche

[BitcoinBunny]

This week will be epic both for Bitcoin and me! The long awaited ETF will be a fact by Wednesday. On that day I will receive the keys of my new home. The next day my super computer will arrive. On the day after I will get 1Gb optical internet. Not to mention my new job, where I quickly became a boss. And the city is so nice and developed, I fell in love with it. The only bit missing in this puzzle is the price 130K+, when I intend to pay off my mortgage in full

Nice...tell us more about a "supercomputer"  
Going from keys on Wednesday to paying off mortgage at 130K...wow.
It totally makes sense to pay off a 6-7% mortgage, though..as long as it's only a portion (or a small portion) of your bitcoin.

The bank will get only several thousand euro from me provided that I pay off my mortgage in less than 2 years. I needed this appartmen for my work this year, and at the same time I wasn't comfortable to sell a big part of my stash. I've sold only what is required from the bank as my personal participation in the deal. Even that was somewhat hurtful for me. My way of thinking is to keep as much of my stash as possible, but when I have the opportunity to change my life for the better like this, I should sell what is needed. Provided that I will keep most of my stash intact.

Regarding the PC, actually it is more like a gaming/office setup with chair, desk, color printer/scanner, ups. The pc will be with the latest components, like cpu intel 14900kf, 192G RAM, 3SSD, Nvidia 4090, water cooled case. I am content with my current monitor Samsung 34" Odyssey OLED G8 so I ordered the same. The funny part is that the girl from the bank asked a lot of stupid questions for approval of the loan, like "for what will you use the computer?". I said "For checking my email." This answer obviously didn't satisfy her and she went on and on, and I was giving the most ridiculous answers I could figure out.  

I would just have been honest with the bank and said "For endless, hardcore porn."

The funny part is that the girl from the bank asked a lot of stupid questions for approval of the loan, like "for what will you use the computer?". I said "For checking my email." This answer obviously didn't satisfy her and she went on and on, and I was giving the most ridiculous answers I could figure out.  

Fuck those nanny state banker cocksuckers!

Should have said "I like my porn in high quality, whats your onlyfans page?".

*as a funny aside in the early 90's I upgraded a buddies computers GPU just for his porn collection.

Nah it's time these modern women are completely invalidated.

Lots of free porn readily available and with modern upscale tools even older content is looking magnificent.
Or switch to VR. The novelty does wear off, but it has to be far better than paying for watching a woman to undress, who in the real world would hate you anyway.
Even that useless rapper Iggy Azaela does that crap now because... well she is useless.

Or hire a professional. No shame. Women even encouraged that carry on.
I reckon a real life professional will respect you and your hard earned money FAR more.

Above all, let Only Fools die.

It's a bit of a trigger to me this because knowing that the marketcap of BTC is about the same as how much stupid men are spending on OF EVERY YEAR is fucking madness!

Buy BTC and ditch OF subs immediately!

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[Hueristic]

The funny part is that the girl from the bank asked a lot of stupid questions for approval of the loan, like "for what will you use the computer?". I said "For checking my email." This answer obviously didn't satisfy her and she went on and on, and I was giving the most ridiculous answers I could figure out.  

Fuck those nanny state banker cocksuckers!

Should have said "I like my porn in high quality, whats your onlyfans page?".

*as a funny aside in the early 90's I upgraded a buddies computers GPU just for his porn collection.

Nah it's time these modern women are completely invalidated.

Lots of free porn readily available and with modern upscale tools even older content is looking magnificent.
Or switch to VR. The novelty does wear off, but it has to be far better than paying for watching a woman to undress, who in the real world would hate you anyway.
Even that useless rapper Iggy Azaela does that crap now because... well she is useless.

Or hire a professional. No shame. Women even encouraged that carry on.
I reckon a real life professional will respect you and your hard earned money FAR more.

Above all, let Only Fools die.

Hah, I've never paid for porn and never will but that bitch would take it as an insult so I would have said it.

[JayJuanGee]

Explanation
Chartbuddy thanks talkimg.com

Very hard to see Bitcoin price surpass $45k since last year and is still having same effect this year, $44k now and I'm expecting it to go back to $43-42k any time soon...

Yeah but it does not matter, if BTC prices might be stuck between $45k and $40k or maybe a broader range of $35k to $55k.. we are moving around within a zone.. and yeah, there is a certain amount of ongoing UPpity BTC price pressures, but still I doubt that we are even outside of the don't wake me up zone, even if we get back above $46k and even if we make it as high as $55k.

Surely some folks are going to get excited in the supra $50k prices and up to $55k, but personally, I am still considering those as kind of given prices and part of our current range.. so yeah, you are even more of a party poop, perhaps bear wannabe, that you are considering supra $45k to potentially be difficult to achieve or even to suggest that anything between $40k and $46k would be anything except nearly pure noise.

My name is bitebits and I have $10k in my bank account.

That's a bit random, unless it is in connection with "My name is Robert Paulson"-from the "Fight club".
If not, then i should say that very few Americans have 10K in the bank.

60% live paycheck to paycheck:
https://www.cnbc.com/2023/12/11/why-even-americans-making-more-than-100000-live-paycheck-to-paycheck.html

A median checking account in US (called payment account or transaction account outside of US) balance was $2900 in 2022:
https://www.fool.com/the-ascent/research/average-checking-account-balance/

Thought I better come clean regarding my fiat addiction. Seems most Americans are doing much better than I do.

I personally believe that you should be measuring yourself in comparison to your own situation rather than comparing yourself to some people who may well be in a different country and who would presumptively have different circumstances from you.  Sure there might be some folks in similar circumstances, but as Biodom also mentioned, there are a lot of Americans who do not have very much savings and/or investment, so each of us should be grateful if we have systems in place in which we are able to save/invest.

By the way, if you are describing your total disposable cash situation, then I would expect that you have at least $90k in bitcoin (and that is 10% cash which surely is generous, and maybe overly generous to have that much cash) .. and no I don't want to break your opsec...

yet, one of the things that I frequently consider is a kind of float that involves how much cash that I have that is extra beyond the servicing of monthly expenses.. so if I were to say that I have $10k in the bank, that would be whatever places that I have cash that is not already allocated towards the servicing of various monthly expenses... and then within that available cash (maybe also called discretionary or disposable income), there could be some of it that is just flexibly there and can be used for consumption purposes, but there are other parts that I might specifically allocate towards bitcoin..

and yeah, maybe sometimes I add to or subtract from the bitcoin allocation based on some personal expenses or maybe based on my feelings about the BTC price..so for example, in mid 2022 and maybe even until various parts of early 2023, I ended up having to allocate more of that extra money towards bitcoin (even though the amount in that category was also shrinking due to the BTC price being low, so allocation to the category increased, but also spending on bitcoin increased.. and there were even periods of discomfort based on how low it was getting, but also a kind of feeling that more should be spent on bitcoin because the BTC prices were then relatively low).

I am going to say that my current cash is less than 2% of my BTC stash... and I tend to try to keep my cash float low, and I think that the top of the 2017 market was the last time that I was close to 10% in cash.  Just ballparking the idea, I think the two tops of the 2021 BTC prices, I did not get to be more than 5% or maybe 6% at most that was in cash as compared with BTC.  For sure, people have their differing balancing comfort levels, in terms of the raw cash numbers and/or what they consider "acceptable" percentages.

We will never be poor again no matter how brutal the dump would be.

There does seem to be a  cushion forming, but I hate to box myself into absolutes.

I must say, price holds nicely. 10k candle soon?

I am assuming that you are thinking about the daily candle, and "we" have been waiting for something like this kind of a greenie for a long time.. probably since early 2021.. but still haven't quite gotten quite to that point.. whether it is strictly within a daily candle or within something like a 24-hour period, even though I think that several times we have had green 3-day candles that quite exceed $10k..

.. so maybe I am not sure which one you would like to see.. .. and maybe there is a bit more of an anticipation of the possibility of a $10k green candle now, and I am not sure, because usually if there is something like a $10k candle, there would likely be some building up to it, and yeah, maybe we have had enough building up of it from mid-October until now.. so I am not going to negate the $10k green candle compatibility of our current conditions. (that is GCC-CC.. hahahaha).

I'm totally fine with 24h. It's arbitrary where the beginning of a day is set, as it changes depending on timezone anyways.

I think I remember that some time (years) ago you wrote about that arbitrariness in a post yourself.

Yeah, we do have to be careful about some of the arbitrary lines that sometimes are drawn (or in place due to custom), while at the same time attempting to balance our reference points so that we are communicating clearly about what it is that we mean.. which might even relate to a bit of arbitrariness that we are still using Bitstamp as our reference, but is there a better reference so that we are on the same page when we are talking about BTC price moves?

It is becoming pretty standard and common place for BTC chart candles to be started and stopped on UTC midnight, so I don't have any BIG problem with that so that we know what we are talking about, absent some other kinds of more specific descriptions of the reference points.

[Sexylizzy2813]

Explanation
Chartbuddy thanks talkimg.com

Very hard to see Bitcoin price surpass $45k since last year and is still having same effect this year, $44k now and I'm expecting it to go back to $43-42k any time soon...

Yeah but it does not matter, if BTC prices might be stuck between $45k and $40k or maybe a broader range of $35k to $55k.. we are moving around within a zone.. and yeah, there is a certain amount of ongoing UPpity BTC price pressures, but still I doubt that we are even outside of the don't wake me up zone, even if we get back above $46k and even if we make it as high as $55k.

Surely some folks are going to get excited in the supra $50k prices and up to $55k, but personally, I am still considering those as kind of given prices and part of our current range.. so yeah, you are even more of a party poop, perhaps bear wannabe, that you are considering supra $45k to potentially be difficult to achieve or even to suggest that anything between $40k and $46k would be anything except nearly pure noise.

Well it will be a shame if we're still seeing Bitcoin price not getting up to $50k before February so we only need to expect it to start making that fast movement to be more than $50k. But from what I'm seeing I don't see the market price going forward without coming back to $40k anytime soon.
What should be the question is what has been holding it up to this moment without getting past $45-46k and still going forward?

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[JayJuanGee]

This week will be epic both for Bitcoin and me! The long awaited ETF will be a fact by Wednesday. On that day I will receive the keys of my new home. The next day my super computer will arrive. On the day after I will get 1Gb optical internet. Not to mention my new job, where I quickly became a boss. And the city is so nice and developed, I fell in love with it. The only bit missing in this puzzle is the price 130K+, when I intend to pay off my mortgage in full

Nice...tell us more about a "supercomputer" 
Going from keys on Wednesday to paying off mortgage at 130K...wow.
It totally makes sense to pay off a 6-7% mortgage, though..as long as it's only a portion (or a small portion) of your bitcoin.

Some people seem to be allergic to the power of compounding... meaning they don't have enough patience to wait for it.

In other words, they see short-term pumps and they play it, since they cannot resist.  Accordingly, sometimes it works for them, and other times it doesn't work so well.

Remember Ivomm was one of them crying in the low $20ks and probably waiting and hoping for sub $12k. that did not happen, and then all of a sudden, he is back on team bitcoin profits.

Small steps in 2013 (check the vid):
https://www.youtube.com/watch?v=vOu6n44ldJU

in 2021 the same dude said that he hodled, but something in his voice tells me that he didn't, but maybe he hodled "enough" (ignore the s-t coin reference there):

https://www.youtube.com/watch?v=IEbhRKVH8bo

When I clicked on those links, I thereafter came across this 45-minute YouTube video that went into the August 2016 Bitfinex "hack," and so it is showing some interesting bitcoin history, even though it is difficult to believe some of the recovery pieces.

It seems that one of the seemingly main propaganda points of the video is to show how wonderful law enforcement people are to "crack down" on "crypto" criminals.

Explanation
Chartbuddy thanks talkimg.com

Very hard to see Bitcoin price surpass $45k since last year and is still having same effect this year, $44k now and I'm expecting it to go back to $43-42k any time soon...

Yeah but it does not matter, if BTC prices might be stuck between $45k and $40k or maybe a broader range of $35k to $55k.. we are moving around within a zone.. and yeah, there is a certain amount of ongoing UPpity BTC price pressures, but still I doubt that we are even outside of the don't wake me up zone, even if we get back above $46k and even if we make it as high as $55k.

Surely some folks are going to get excited in the supra $50k prices and up to $55k, but personally, I am still considering those as kind of given prices and part of our current range.. so yeah, you are even more of a party poop, perhaps bear wannabe, that you are considering supra $45k to potentially be difficult to achieve or even to suggest that anything between $40k and $46k would be anything except nearly pure noise.

Well it will be a shame if we're still seeing Bitcoin price not getting up to $50k before February so we only need to expect it to start making that fast movement to be more than $50k.

Even if you concede to go up to $50k with your range, from what I had already mentioned, you still seem to be in the noise area.  Wake me up when (or if) BTC prices break above $50k.

But from what I'm seeing I don't see the market price going forward without coming back to $40k anytime soon.

The famous "down before up" viewpoint.. It is still within the noise are.. so sounds like a "BIG so what?"   Even if you might be playing around with trying to trade those kinds of small ranges..

What should be the question is what has been holding it up to this moment without getting past $45-46k and still going forward?

Another BIG so what.    There is no need to explain that BTC prices sometimes consolidate.. It is a boring (uninteresting) question (at least to this here cat) that likely does not even have an answer, so why even waste time with trying to guess?

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[AlcoHoDL]

New year, first haiku.
What a great year it will be.
A breath of fresh air.

There was a small dip,
Courtesy of Jihan Wu,
The "mother" fucker...

Is that Knight Rider?
Coz it feels like Turbo Boost,
When you're a HoDLer!

AI-made females.
They look gorgeous and sexy...
Are they functional?

God clown strikes again!
Religious copy-pasta.
Don't take carbs, sorry.

Addicted to Coke?
Now, is that stupid, or what?
Yes, it fucking is!

Off to watch a flick,
While I get rich, Buffett-style!
Thanks, BitcoinBunny.

#7wodigestsundayhaikus

[redhack]

Slowly coming back to $44444 again.
Is it bots that love these numbers or people that coded bots love these numbers?

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[philipma1957]

Slowly coming back to $44444 again.
Is it bots that love these numbers or people that coded bots love these numbers?

44432.10 is better to use for a sell ladder up.

or if you want higher ladder points numbers below are better.

44,818

45,783

46,714

than

45,000
46,000
47,000

as falling short by a little bit would happen less with the odd selling points.