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Question: How far will this leg take us?
$110K - 9 (8.3%)
$120K - 19 (17.6%)
$130K - 17 (15.7%)
$140K - 9 (8.3%)
$150K - 19 (17.6%)
$160K - 2 (1.9%)
$170K+ - 33 (30.6%)
Total Voters: 108

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 26842422 times)
This is a self-moderated topic. If you do not want to be moderated by the person who started this topic, create a new topic. (174 posts by 1 users with 9 merit deleted.)
JayJuanGee
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January 05, 2025, 09:03:45 PM
Merited by Hueristic (1), AlcoHoDL (1), OutOfMemory (1)

Love, cAPS
"Love?"  without an appropriate disclaimer?
My have "we" drifted!!!! in recent times.

 Angry Angry Angry Angry
My new years resolution is to stop making disclaimers.

I do not promise to keep it, however.

I will attempt to lead by example in my public (in this thread) assertion that I am truly on the way deep down on the inside side starting to feel more and moar fond of and attached to uie pooie and your seemingly practical and not overly strict resolution intentions.

#nohomo.

Ahh I wondered why I was seeing some images with both a height and a width, I was like WTF who would be so pedantic that they would type both in. Lol
The worst thing is when both height and width tags are modified, which alters the original image's aspect ratio, resulting in monstrosities like this:


I tend to eliminate one of the two so that the aspect ratio will automatically adjust to whichever one (of the two) I am setting.

[edited out]
All I ever do (usually) is change the height to 420 and delete the width. Smiley I’m actually surprised nobody has ever commented on it before but I guess I’m the only one with a juvenile sense of humor. I do think it is a bit unnecessary to include both the height and width, but maybe some browsers have difficulty with it or something.
 I think that from time to time, some peeps comment on the need for ONLY 1. It would be difficult for you to reasonably proclaim something to never be done, even though you did make such proclamation, as if you were the first one to ever think about it.

If the purpose is to just smooth it out, I am OK with 50% (100%?) average yearly growth instead of 400% surges followed by 70-80% busts.
bruh.
the 400% uppity then 80% rektity is what we live for

like comeon you must be the life of the party lol

I know.. so many peeps ongoingly calling for (or even describing) stability in bitcoin, that does not exist in the real world of bitcoin, whether "we" want such stability or not.

[edited out]
lol...that was my "grey hair" talking.
That said..I was feeling a bit down when 69K became 15.7.

You can only attempt to prepare financially and psychologically as you go for either direction (including extremes), and so once it happens, you cannot reverse the clock.  Since we know volatility is one of the most inevitable things in bitcoin, there should be things that we can do to prepare our lil selfies, financially and psychologically, no?  

I am not even saying that we know the direction of the volatility or the extent of it, yet we likely know in advance that it is is coming - that is the definition of "inevitable" or "near inevitable", which I believe bitcoin's volatility fits into such category.. has been since I got into bitcoin and not likely to go away anytime soon or prior to BTC prices reaching more than 10x gold prices, and even then, such inevitable bitcoin volatility still might not completely disappear, even if it might end up playing out a wee bit moar less.

Now if only I simply Hodled from 2012 to this year. I would have all that and around 100 btc.

You are not capable of HODL, and you don't even have to hold all of it.. .. but yeah, thinking practically, of course in 2012 BTC hardly cost anything, so acquiring 100 plus should not have had been very difficult... .. so yeah, the challenges are in the details of both knowing to hold and knowing how to do it, including that if you over supply yourself, you could have easily had 500 plus BTC in 2012 and still shaved of 200-ish bitcoin between 2012 and now and still had 300 BTC at this time.. I could tell you how you could have had done it, but  it does not do much good looking back and describing how you could have had done it, except to figure out how to do a similar kind of a thing going forward.

Actually, I am fairly certain that I am overselling the quantity of BTC that you would have had needed to sell in order to still have had a good time along the way, since it seems to me that you could have sold way fewer BTC (such as selling only or less than 100 BTC) and still had a rocking good time in the process.. and surely the secret seems to be incrementalism, living within your means to use fiat first, rather than fucking around with selling too many BTC too early and having expectations to buy back those sold BTC cheaper and blah blah blah. that buying back cheaper bullshit gets a lot of folks into selling way too many BTC too soon.. We see it over and over and over...

If the purpose is to just smooth it out, I am OK with 50% (100%?) average yearly growth instead of 400% surges followed by 70-80% busts.
bruh.
the 400% uppity then 80% rektity is what we live for

like comeon you must be the life of the party lol
we get older... I'd also prefer a steady growth

Not gonna happen.

Sure BTC prices are going to go up, but it is not always going to seem like it (unless you happen to be looking at the 200-WMA instead of spot prices)

most stupidest post of the day. I guess the farmers are back
You are right.  But sure!!!

You speak.  WOW!!!!!!!  

You are able to formulate a whole sentence on your own?  WOW!!!!!!!  Even two sentences, who would-a-thunk?

I just heard a quoted statement of Trump loudly thinking about the planned US Bitcoin reserve, where he said that he wants to convert roughly 200k of seized BTC into the base of said reserve. He also was said to mention lending of $USD to countries and letting them pay the debt back in Bitcoin, which are to be added to the reserve.
What do you think?

This way he supposedly hopes that piling up on reserve Bitcoins won't pump the price.
So no Trump Pump? Called off?

I got no source for the statements, i heard it on a video a collegue was watching together with me on his phone. Originally he was asking me what i think about "Traderepublic", and he subsequently tried to get me into it, to get a €10 reward in his portfolio. In turn, i googled the name of the portal combined with "experience" and i got mixed reactions, mainly about frozen accounts, unresponsive support and automatic withdrawals out of the blue (with no support to react to them).
Then there was this linked short-video in german with the Trump statements and i asked him to play it. He doesn't know i'm a Bitcoiner, but anyway, he reacted with the usual "not even money", "nothing behind it" and "ponzi scheme" arguments *cough* so we left the Bitcoin route of discussion and i was wishing him good luck with his Traderepublic investments.

Boy....  Roll Eyes

I have no problem with brainstorming various ways to get bitcoin without overly pumping the BTC price, yet sometimes there also might be needs for practicality and buy the fucking coins without being overly retarded (even if some of the buys are covert).

Another problem is thinking that the USA actually rightfully owns 200k BTC when around 94k of those coins likely belong to Bitfinex.. and I am not sure about the balance of the other 106k ish coins.  I neither agree with doing away with due process or the USA government being incentivized to take people's coins (or the coins of institutions or governments) without such due process.. or some extremely exigent circumstances, besides wanting the coins without having to pay for them, which is also known as theft.

I am also not that excited about governments, institutions or even single players (rich folks) gobbling up a lot of the bitcoin, while potentially demonizing various self-custody and peer to peer transaction ways of using and interacting with bitcoin, even though there's not really anything that any of us can do to stop governments, institutions or rich individuals from buying a lot of the BTC (or otherwise attempting to get their hands on bitcoin by hook or by crook), so individuals (like us peeps) need to attempt to stay on our own guard and attempt to protect our own best self-interests, which i think relates to both employing self-custody to the extent feasible and maybe even figuring out various ongoing ways to promote and practice private transactions with our bitcoin whenever feasible (keeping separate kinds of BTC stashes and spend and replace if we don't want to actually lessen our quantity of coins).
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January 05, 2025, 09:06:33 PM
Merited by JayJuanGee (1), OutOfMemory (1)

I just heard a quoted statement of Trump loudly thinking about the planned US Bitcoin reserve, where he said that he wants to convert roughly 200k of seized BTC into the base of said reserve. He also was said to mention lending of $USD to countries and letting them pay the debt back in Bitcoin, which are to be added to the reserve.
What do you think?


I don't really expect much to come of it. I don't believe that Trump is strongly for it and there will be enough opposition that it just ends up going nowhere. A bargaining chip, at most. The publicity will probably not be bad for us though.

Long term, any such reserve that existed would only get raided anyway, as appears likely has happened to US (and other countries') reserves. Actually, auditing US gold reserves would probably be the best thing that could happen to Bitcoin (though it might collapse the country).
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January 05, 2025, 10:01:15 PM


Explanation
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January 05, 2025, 10:18:03 PM
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 ...and if they're gonna be that big, they should at least contain hooters (or whatever the cool kids are calling them now)



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January 05, 2025, 10:20:02 PM


Better.?
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January 05, 2025, 10:23:56 PM
Merited by LFC_Bitcoin (10), JimboToronto (1), xhomerx10 (1), Hueristic (1), JayJuanGee (1), OutOfMemory (1), Gachapin (1)

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January 05, 2025, 10:25:40 PM

Better.?

I went blind for awhile.
Ambatman
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January 05, 2025, 10:30:18 PM

I just heard a quoted statement of Trump loudly thinking about the planned US Bitcoin reserve, where he said that he wants to convert roughly 200k of seized BTC into the base of said reserve. He also was said to mention lending of $USD to countries and letting them pay the debt back in Bitcoin, which are to be added to the reserve.
What do you think?


I don't really expect much to come of it. I don't believe that Trump is strongly for it and there will be enough opposition that it just ends up going nowhere. A bargaining chip, at most. The publicity will probably not be bad for us though.

It seems to me like another race similar to that of Gary rejecting ETF
And realising Trump a business man ain't even holding any Bitcoin isn't encouraging
Well except maybe he believes Bitcoin rise wouldn't have impact on his wealth like shitcoins.

The Publicity may start out good but may become a thorn if anything negative is shared about the reserve implementation like Powell did.


Following Historical data on halving 2025 should be way better than 2024
And I don't want Trump or the US to fuck it up.

Plus Big players are still jumping in so if there's an unnatural dip they would loss more since some ain't really holders
And more coins will be distributed to different hands.
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January 05, 2025, 10:32:22 PM
Merited by vapourminer (1), JayJuanGee (1)

I just heard a quoted statement of Trump loudly thinking about the planned US Bitcoin reserve, where he said that he wants to convert roughly 200k of seized BTC into the base of said reserve. He also was said to mention lending of $USD to countries and letting them pay the debt back in Bitcoin, which are to be added to the reserve.
What do you think?
I smell something fishy in this approach because they will not have the same effect as the US buying Bitcoin directly, and I think Trump seems to be evading doing that. This is just my thinking.... instead of lending money to people and asking them to pay back in Bitcoin, why not buy the Bitcoin directly? How long will the money stay before they pay back, one year, two, or even ten years? Will Trump be in office when that money will be paid back? Something is definitely not clear with this statement.

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January 05, 2025, 11:01:15 PM


Explanation
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January 05, 2025, 11:04:15 PM


 ...and if they're gonna be that big, they should at least contain hooters (or whatever the cool kids are calling them now)




 That's what I'm talking about!
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January 05, 2025, 11:18:18 PM

Love, cAPS
"Love?"  without an appropriate disclaimer?

My have "we" drifted!!!! in recent times.

 Angry Angry Angry Angry
While my friend had 100k in the exchange  and is getting back 119k.
Don't be so fucking delusional.   Roll Eyes Roll Eyes

Let's stick with BTC for just one second, since that happens to be the topic of this particular thread.

If anyone was holding BTC on FTX at the time of the bankruptcy filing (November 11, 2022).. let's say such person had 5 BTC that was on FTX at the time of the filing, which would have had been slightly less than $100k at the time of the bankruptcy filing, that person with that quantity of 5 BTC on FTX at the time of its bankruptcy filing is going to be receiving $119k-ish in dollars in the coming days/weeks (early 2025). ..

Do you think that such 5 BTC person is getting some kind of a windfall because such person is going to be receiving 19% higher than than the $100k dollar value that they held at the time that FTX filed their bankruptcy petition?  Snap out of it, and fuck that nonsense.

What do you consider 5 BTC to be worth?  Yeah, the person using that FTX exchange was not holding actual bitcoin since they are likely dumbasses for holding BTC in that scam of an exchange, but still, does such person deserve such punishment, and do you think such person is getting any windfall merely because the exchange is claiming to currently be paying 19% higher than dollar value of the asset (in this case BTC) at the time of their (a little over 2 years ago) bankruptcy filing?
depends on what coins you were holding.

"We" don't hold shitcoins in this thread, and even if we were so dumb as to do so, "we" would not admit it.

He was not holding any btc at that place.  The coins have more value  than he is getting.  He should be getting closer to 200k if he was getting the exact amount of coins he lost.
One can argue all you want about what should or could be fair.

I largely ONLY care about bitcoin.. so whatever you are saying is going in one ear and out of the other.. like as if I don't have anything in my head.

#justsaying.

This same friend also lost coins at the new zealand exchange. He is only getting 60,000 doge coins of the 100,000 that he lost.

Lalalalalalalalalala

but the coins now are worth 24,000 usd and when he lost them they were worth under 250 usd.

I can't hear you.

Soalll in all one can argue that the two exchanges helped him hodl.  Or one could argue they stole 40,000 doge in the newzeland exchange and I think he had ltc on sbf,  not sure how many.

To me if you are placing coins on exchanges you are not a holder in general.


If we are back to talking about bitcoin, I will admit that I had a decent percentage of my bitcoin on exchanges prior to 2017, and little by little I reduced the percentage of BTC that I hold on exchanges, and I think between about 2018 and 2019, I had around 15% of my BTC on exchanges, and then 2020 to 2021, I was probably down to 10%, and then somewhere 2022 -2023, I got down to 8%, and these days, I am pretty sure that it is less than 5%.. but I don't want to get into details about various fluctuation that might exist from time to time. 

In other words, I try to limit my exchange exposure, but I don't abstain, since I have continued to be an advocate of trying to use various bitcoin related products, even if sometimes it might not exactly be in my financial interest to do so, yet I also think that it is good to use various bitcoin related products, even if some of them might be risky to use.  I am not without contradictions.

All in all he almost got back more than the fiat value he lost . Maybe even if you count the damage inflation did to fiat he is still ahead.

I might be a bit lost in this conversation.. and surely I understand that we are in a public thread, so it might not matter too much about whether I get it or not.

By the way, I am not even trying to be rude... it might just be a reflexive kind of thing?..
Decision to place Bitcoin in exchange is not too advisable because the moment you place your Bitcoin in exchange you are technically not in full control of the Bitcoin. Just imagine what will be the profit of the 5Bitcoin if he decided to hold it for long time considering the price of Bitcoin now in this bullish season.
A bitcoin now is worth approximately $100000, now for the 5 Bitcoin he would have been smiling with $500000 now if he had persevered to hold it for a longer time without placing it in exchange. And considering the present speculations of many investors and government indicating more interest on Bitcoin is a clear indication that Bitcoin hold more better future than what we are seeing now as a bull run of Bitcoin.

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January 05, 2025, 11:24:27 PM

I just heard a quoted statement of Trump loudly thinking about the planned US Bitcoin reserve, where he said that he wants to convert roughly 200k of seized BTC into the base of said reserve. He also was said to mention lending of $USD to countries and letting them pay the debt back in Bitcoin, which are to be added to the reserve.
What do you think?
I smell something fishy in this approach because they will not have the same effect as the US buying Bitcoin directly, and I think Trump seems to be evading doing that. This is just my thinking.... instead of lending money to people and asking them to pay back in Bitcoin, why not buy the Bitcoin directly? How long will the money stay before they pay back, one year, two, or even ten years? Will Trump be in office when that money will be paid back? Something is definitely not clear with this statement.



If i had a chance to watch this video again, i could provide more details...
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January 05, 2025, 11:52:06 PM

Regular season
NFL comes to an end
My how the time flies
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January 06, 2025, 12:01:19 AM


Explanation
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Explanation
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January 06, 2025, 01:06:20 AM
Merited by JayJuanGee (1)

I smell something fishy in this approach because they will not have the same effect as the US buying Bitcoin directly, and I think Trump seems to be evading doing that. This is just my thinking.... instead of lending money to people and asking them to pay back in Bitcoin, why not buy the Bitcoin directly? How long will the money stay before they pay back, one year, two, or even ten years? Will Trump be in office when that money will be paid back? Something is definitely not clear with this statement.

It's not a totally whack idea from where Trump sits POV. You lend people dollars and they pay back in Bitcoin. Fine. But they now have dollars which they have to spend which eventually pretty much have to end up buying stuff from the US anyway. So win-win for the US and may be a way to extend dollar hegemony beyond the ever-shaky looking petro-dollar. Now, whether it would fly is another question...
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January 06, 2025, 01:33:14 AM
Merited by JayJuanGee (1)

Partially OT: I just realized that TLT lost almost 50% since July 2020....and people are/were saying that bonds are a 'safe' investment.
Strangely, 10 year Treasury notes and 30 year treasuries yield increased (price decreased) since JPowell started cutting.
It's the opposite of what they probably aimed to achieve.
Are bond vigilantes back?

I wonder if the rest of the decade would resemble the 1975-1980, and we would have a second inflation peak?
If so, I wonder how bitcoin would be affected? I am not sure...as gold increased rapidly back then.
BTW, Mag 7 totally "rhyme" with nifty 50 in the 70ies and, hence, could easily drop 30% or more in relative value as a group.
In the 70ies military eq stocks (BA, GD, LMT), oil refiners and eng.(Chevron, HAL), walmart, cigs (Altria, MO) and gold, of course, were the best performers.
This time it could be other names, apart from the current Mag 7.

Not an investment advice, just some thoughts for your entertainment.
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January 06, 2025, 01:41:11 AM
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If the purpose is to just smooth it out, I am OK with 50% (100%?) average yearly growth instead of 400% surges followed by 70-80% busts.

bruh.

the 400% uppity then 80% rektity is what we live for

like comeon you must be the life of the party lol

For real. What would we do without dips to buy? What would we spend our money on if we couldn’t buy the dip? What are we supposed to do, buy giant houses, fancy trucks, and ridiculously diamond covered jewelry? OK, but what about after we’ve done that. What are we supposed to buy then?



actually I rarely have fiat to buy the dip.  I would have to sell BTC in advance to buy back lower... but I'm bad at trading, so I just hodl and sell when I must
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January 06, 2025, 02:01:14 AM


Explanation
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