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

[jojo69]

[Phil_S]

https://x.com/clownworld_/status/1757819491847975041?s=46

Feels like watching reacher….


Also yesterday been watching Argylle
Another 0/10 movie
What a joke

Reacher 2 was surprisingly bad...

[SamReomo]

That sounds pretty dumb for someone who ONLY has around 1 BTC to be selling part of his BTC at $80k because he bought at $16k..  The guy is going to need more than just the fact that he is 4x in profits.  We need more details.  What is his income?  Is the guy still accumulating?  Is he accumulating BTC in order to get into dollars? What's his annual income?  Even if his annual income is $10k per year, $80k would ONLY be 8x his annual salary... I question scenarios in which $80k would be enough.. and even if the guy had 2 BTC, that is $160k, that also seems like there would not be too many scenarios in which that would be enough.. but hey.. sure add some facts to flesh this out besides a mere assertion that his seemingly fairly whimpy holdings are 4x in profits.

Don't get me wrong.  I am not trying to suggest that 1 BTC might not be a lot in some circumstances, but it surely does not seem to be an amount that is worthy shaving off some of it absent some further facts to show why it might be justified.

Also don't get me wrong, you have discretion to do dumb things, but I need more than just the idea of buying at $16k and selling at $80k...

For example, if the guy started buying in 2021, and his annual salary was around $20k, and so maybe he bought $30k worth of bitcoin through out 2021 with an average cost per BTC of around $40k.. so he got around 0.75  BTC, and then maybe the next two years, he put together another $40k and he bought about another 1.5 BTC.. so then when he gets into this year, he is starting to feel overinvested... so maybe in those kinds of circumstances, he could justify starting to shave off parts of his BTC holdings... his total of 2.25 BTC cost him about $70k (average cost of about $31,100 per BTC) and they are currently worth about $117k, and so nearly 6x his salary, and since he got into his investment so rashly, he might even already be willing to start to shave off some of his holdings.. because he is feeling over exposed to BTC, but he still might not feel like he is in a position to really shave off a lot because he feels that he has enough BTC, but he need to bring more balance to his life because he's got most of his networth in BTC. .. and yeah, maybe he already has an emergency fund and other parts of his financial life in order so he might be able to just ride out the investment, but he might also want to start to structure either to stop buying so much or maybe to structure some small amounts of sales as the BTC price goes up..

I was basically trying to say that the ones who have more than 1 Bitcoin can make some good profits if they sell out some of their holdings. Let's say if someone has accumulated around 2 Bitcoin or 4 Bitcoin during the dip of $16k and when continued buying Bitcoin when its price was around $25k, and they might have accumulated some Bitcoin during each dip by following a DCA strategy or dip buying strategy whatever we name it. Then such people can actually make some good profits if they sell some of their holdings at $80k let's say if someone who has 2 Bitcoin and he has bought those Bitcoin with average price of $20k a Bitcoin then that person can sell 1 Bitcoin at $80k. He bought 2 Bitcoin for $40k and now he's selling only 1 Bitcoin for $80k which means he already got his own invested money back and made 100% profit from his initial investment.

Now, let's say the same guy holds his 1 Bitcoin which is almost a free investment for him now because he already recovered his initial investment and even got 100% profit. He doesn't need to sell that Bitcoin now because he can now wait for huge intensity of the bull run where price of Bitcoin might cross $100k a coin or way more than that or he may hold that Bitcoin until Bitcoin reaches $1M. The same guy now has around $80k in his account which he can reinvest in Bitcoin or withdraw some of it to fulfill his other needs. Let's say the guy decides to withdraw $10k out of those $80k and now he has $70k which he can reinvest in Bitcoin again.

Now let's suppose that Bitcoin reaches $120k at the highest intensity of this bull run and once the bull run is over then Bitcoin can dip back to $60k-$50k values. Just for example if the same  guy buys Bitcoin at $52k then he's increased his Bitcoin portfolio a little bit and also made $10k extra which he used for his other needs. That's case of the ones with just 2 Bitcoin what if the same person had 20 Bitcoin then he might end up making enough profit by selling his 10 Bitcoin at $80k.

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[Moreno233]

Assuming price makes an all time high before halving, what is expected from the price movement post halving? It is really looking difficult knowing what to expect from the market post halving because what we are seeing is different from price history of Bitcoin.

[OgNasty]

Assuming price makes an all time high before halving, what is expected from the price movement post halving? It is really looking difficult knowing what to expect from the market post halving because what we are seeing is different from price history of Bitcoin.

The big thing is to be patient. I’m expecting a selloff when the halving occurs because people will take profits. Historically, it takes almost a year and a half after the halving for the price to peak. Sure, there are reasons it could happen sooner this time, but I’m still expecting at least 6 months to pass after the halving before the market could peak. Patience and faith will have to play a role if you want out at the top.

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[Paashaas]

[vroom]

why are the first "to" and the second "to" different?

[Gachapin]

this will probably make most Japanese people's eyes bleed...

I refuse to think that Hal Finney could do something that dilettante

[Torque]

LOL. Fuck that bitch.  🤡 🌎

https://www.zerohedge.com/crypto/youll-never-believe-what-senator-elizabeth-warren-just-did

Next up, Charlie Munger rises from the grave to declare Bitcoin "The financial savior of the future for us all!"  

[Gachapin]

why are the first "to" and the second "to" different?

they use two different Japanese "alphabets" (Hiragana & Katakana)

[Torque]

In the last 5 years?
Going by my IMDB ratings I've given and in no particular order:

• Gran Turismo
• Joker
• Fractured
• Sisu
• Talk To Me
• A Man Called Otto
• John Wick 4
• The Black Phone
• The Courier
• Free Guy
• Le Mans '66 (Ford Vs Ferrari)
• Us (from Jordan Peele)
• Once Upon A Time In Hollywood
• The Super Mario Bros Movie (animated but very true to Super Mario)
• Rambo: Last Blood (simple but what you expect from Rambo)

You forgot Dune: Part 1

[JayJuanGee]

Feels like the chopper's gonna vroom vroom tonight.

Why tonight?

If we use UTC and the time of your post as our reference, then presumptively you are talking about the thing happening within the next 4-16 hours, give our take 4 hours.

But why?

Are we experiencing ongoing "supply shock?"

or is something else going on?

I am not saying that I disagree with your feeling, whether it is a gut feeling or a SOMA^{tm - d_eddie} feeling, but we surely are within the top of the "don't wake me up" zone, so I am not going to presume getting through the top of it, even though there still is some room for movement within the top of the zone, yet at the same time, there is no reason that we might not continue to bounce around in these here parts.. except surely the ONGOING  net vacuuming up of BTC by the various BTC spot ETFs on a daily basis surely cannot be healthy for anyone expecting down and or sideways BTC price performance in the coming weeks and/or months,

and at the same time, I am coming to a similar kind of assessment that it is almost like the BTC price has to double or triple from here in a fairly short period of time to merely help with the ability of spot BTC ETFs to be able to continue to absorb actual BTC rather than fake ones.. but even conceding all of that still would not necessarily meant that more UPpity is imminent, including breaking out of the "don't wake me up zone" and getting into "no man's land" while passing through "hot butter" territories.

Pray tell, what I might be missing in terms of your current vision?..including that as of about a month ago, we had a two-year high of $49,048, but then a correction down to $38,505... but then perhaps a somewhat overly rapid shooting up from near the bottom and mid of the "don't wake me up" zone and getting into the top of the "don't wake me up" zone.. but still we don't get any kind of automatic continuance UPpity.. because if we actually get into "no man's land" while passing through "hot butter" territories then surely we could end up losing momentum if we end up getting there too quickly, no?  or do you consider that BTC buy pressures (support) will be able to keep up so that we would clearly be able to get through "no man's land" - aka "bat country" and therefore if successfully making it through such, then we may well end up ranging in the $82k to $100k arena (which price range still has not been named - because it is likely too early to be too presumptuous about even getting to that $82k to $100k price area in a relatively short period of time, if that might be in the short-term cards...)?

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[jojo69]

[OgNasty]

If we see a halving happen on 4/20 at the same time the price hits $69,000 I think I'm going to go ahead and say that rich people must be having some fun with this market while it's still small relatively speaking from the other traditional investments that must get manipulated regularly.  That or fate really does love irony as Elon Musk likes to say...  

I'm feeling scarily bullish these days as well.  Too bullish...  Feels like we need a correction, but I'll be damned if I sell any here with a new potential ATH right around the corner.

[Hueristic]

What other movies would you say is worth watching that has released the last 5 years or so? I feel that its getting longer and longer between movies that are actually good. I dont even bother anymore and mostly end up watching some tv series instead.

Re-watching the Fringe last few weeks.

Also if you haven't seen the outer limits from 1995  that's a real good series.

[El duderino_]

I never build sh*t and paying much for sandwiches

Probably doings something wrong

[Hueristic]

Reacher 2 was surprisingly bad...

Yeah, I was looking forward to it and the first few episodes weren't that bad but it just kept going down the shithole..
these fucking suckass writers today ruin everything.

Why cant they just stick to the books story-line, its what made the book worth making into a vid to begin with.