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

[ChartBuddy]

Explanation
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[xhomerx10]

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[Richy_T]

Bit of movement on the old FX crosses right there. Bitcoin has actually taken it pretty well, so far at least.

Don't know why the CPI was such a shock to be honest.

Because lies are being told and a large segment of people have been primed to accept the lies.

[Richy_T]

ETFs -> n00bs
n00bs -> weak hands

Gotta shake em out every cycle.

[Richy_T]

@JJG: I know that you just use $6.66K as an example, but that hardly amounts to much in US...basic level living and not even on the two coasts.
A median household income in US is 74.6K/year.
https://www.fool.com/the-ascent/research/average-us-income/

Of course, when used as an add-on, it would provide a boost, but i don't think many on WO would agree that it is a sweet deal after many years of ups and downs.

Meh, it has to be remembered that the 74.6k income comes with associated expenses which may be reduced after retirement. Cars, travel, work clothing, eating out and retirement fund itself. You should be aiming to have your house paid off for retirement and you won't likely be funding college funds for your kids (maybe grandkids but that's more of an optional expense).

Now, if you want to do a lot of travelling, RVing, whatever, you'll want to be budgeting for that but those are purely elective expenses.

[ChartBuddy]

Explanation
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[OgNasty]

My stock portfolio got crushed today.  Only had 3 winners in it, which is shockingly strange given the number of positions...  The only 3 winners today (at the time of posting)... 

Lockheed Martin Corp - Market betting the global wars will escalate.
Star Bulk Carriers - I followed some crooked politician into this trade who is clearly insider trading.
FBTC - Bitcoin.

I think that says something...  Bitcoin is still showing an incredible amount of strength before the halving.  I'm very curious what the profit taking vs limited supply action is going to look like in another 2 weeks.

[El duderino_]

Sniper vision
Red dot marking seventy
Trigger finger GO.

[El duderino_]

Bullet has been shot.
Seventy back on the chart.
Reload, we need more.

[ChartBuddy]

Explanation
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[OutOfMemory]

#random

Oh! If you guys are looking for a new PC/PS5 game to play, I'm totally addicted to Helldivers 2. What an incredible team-based game wow!

One of the best team-play shooters I've played since Counterstrike.

The violence and destruction is gratuitous!

Looks good. Like Quake in PUBG's footsteps. It's a pity that i have to play Fortnite with the kids because the violence of adult shooters is too much for the youngest party member.
However, it's still feeling good fragging at advanced age, even if my cognitive flexibility and coordination suffered a lot over the years. Still getting regular solo Epic Victories on "Zero Build Battle Royale". I love hideously gearing up over the game with zero enemy contact, before taking out some of the last dozen of enemies.
Feels good to know that there are some other "old guys" still rocking those ego-shooters.

[criptoevangelista]

My stock portfolio got crushed today.  Only had 3 winners in it, which is shockingly strange given the number of positions...  The only 3 winners today (at the time of posting)... 

Lockheed Martin Corp - Market betting the global wars will escalate.
Star Bulk Carriers - I followed some crooked politician into this trade who is clearly insider trading.
FBTC - Bitcoin.

I think that says something...  Bitcoin is still showing an incredible amount of strength before the halving.  I'm very curious what the profit taking vs limited supply action is going to look like in another 2 weeks.

Inflation data came in a little higher than expected... Even gold lost value

Either they invent a new form of calculation to deceive the people... or else it's infinite inflation (which we already know well)

[Ambatman]

The Bitcoin Price Crash To $68,000

LOL

Oh no, buying at $150 per coin was such a mistake.

Pls ser, muh familia.

Market getting more predictable for the past weeks or so.
Bitcoin falls on Tuesday to Wednesday afternoon and surge back in the evening
Continue the run to around Saturday morning then fall till  Sunday evening and rise Sunday night to Tuesday evening.
Not saying it always happen but it's currently becoming a trend.
That's why I always buy any dip that shows more than 3% and sell half around 5% green.
My mycelium wallet is priced on average around $39K,
Stopped accumulating for long term with personal money but earnings from campaigns.don't plan on changing the average.
So started another accumulation that's not really long term and buying red selling green.
With the goal of never selling in loss
Bought some today around $68100
With the one day chart,  I plan to start taking taking profits around $73K.
Campaigns funds are long term say 10 years hopefully
Personal accumulation not passing first quarter of 2026
While the ones above that am using binance for are short term just getting profits but would be mid term in the case Bitcoin falls lower than my buying price.
Promised myself I'm never selling in loss and am sticking with that.

My personal strategy not really an advice but subject to improvements am polishing

Inflation data came in a little higher than expected... Even gold lost value

Either they invent a new form of calculation to deceive the people... or else it's infinite inflation (which we already know well)

A new high should be expected before the halving then.
Bitcoin already recovered from today's dip.

[ChartBuddy]

Explanation
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[goldkingcoiner]

ETFs -> n00bs
n00bs -> weak hands

Gotta shake em out every cycle.

I think of it as a Feuertaufe for becoming a beginner coiner. Once your hand gets burned, you learn a valuable lesson.

[BitcoinBunny]

"Inflation is just transitory."

[philipma1957]

ETFs -> n00bs
n00bs -> weak hands

Gotta shake em out every cycle.

I think of it as a Feuertaufe for becoming a beginner coiner. Once your hand gets burned, you learn a valuable lesson.

Fire based baptisms are good for some.

[Gachapin]

I was thinking about the following hypothetical the other day:

Let's assume that bitcoin goes to 100-300K (let's say, 200K average) this cycle and somewhere along the line you sell a substantial % to invest in property, luxuries, etc ( whichever you choose).
In 10 years afterwards, bitcoin goes to 5 mil, which means that you only "captured" just 4% of the potential value.

How would you feel about it? I guess, it would also depend on the remainder (that you didn't sell), but still.

Personally, I know that years later, I am not particularly fond of my decisions to sell AMZN, AAPL and TSLA early, even though I made very nice gains on them.
Sometimes, I consider these occurancies as my investment follies, but, again, you cannot be 100% efficient.

Of course, it is possible to NEVER sell btc and, basically, put this decision on the shoulders of descendants, but you cannot guarantee that they would be wise about it, right?
At least, I can't.

At some point, I would have to start to spend btc and this point is coming relatively soon.
Alas, to spend even a relatively small amount of btc on things like kitchen remodeling causes a bit of mixed feelings on my part as I contemplate the scenarios described above.
That could be one expensive kitchen 5-10 years down the road.
Withdrawals from IRA are taxable and I put all my stables back into the market during 2023.
I would probably do a mix of "things", but don't want to take on HELOC or anything like this.
Decisions, decisions...

Borrow against your bitcoin, no capital gains tax either. That is how rich people do it I am reading. Now I would not trust some random new startup to facilitate this but fine against IBIT in your brokerage account.

sounds like a not-your-keys-not-your-coins situation to me...

What, you selling your corn including covering for CGT?

Well, I think that's exactly the thing. I have corn, you have an IOU (ETF).

And do you think it's possible to go from real BTC into an ETF without selling BTC first? I suppose you'll have to pay CGT there too right?


That being said I actually might consider risking part of my stash for a never ending credit... as long BTC goes up forever... Laura  

[ChartBuddy]

Explanation
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