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

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[Gachapin]

the price will be free to rise higher with less sell pressure (until more profit taking at higher prices exceeds demand... rinse and repeat).

I thought profit taking is when you sell your fiat currencies and take your profits in Bitcoin.  

bankers hate this trick

[d_eddie]

The part that makes me angry is that you know these fires were started simultaneously by some liberal arts professor as some sort of a global warming warning. These idiots won’t stop until they’ve killed us all…

Seriously dude? You’re just trolling aren’t you?

You guys must need a reminder… C’mon, it hasn’t even been very long.

https://www.cbsnews.com/amp/sacramento/news/former-professor-sentenced-for-starting-fires-behind-crews-battling-dixie-fire/

Do I know how these fires started? No. Do I think that if they do discover how they started it will lead back to some nutty brainwashed liberal trying to shine a light on global warming? Yes. Time will tell. History doesn’t always repeat, but it does usually rhyme.

Man made structures down
Would never hurt real trees
Nuts in nutty sauce




#haiku

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[Biodom]

The part that makes me angry is that you know these fires were started simultaneously by some liberal arts professor as some sort of a global warming warning. These idiots won’t stop until they’ve killed us all…

Seriously dude? You’re just trolling aren’t you?

You guys must need a reminder… C’mon, it hasn’t even been very long.

https://www.cbsnews.com/amp/sacramento/news/former-professor-sentenced-for-starting-fires-behind-crews-battling-dixie-fire/

Do I know how these fires started? No. Do I think that if they do discover how they started it will lead back to some nutty brainwashed liberal trying to shine a light on global warming? Yes. Time will tell. History doesn’t always repeat, but it does usually rhyme.

lol...so, you imply that we KNOW, but YOU don't know (emphasis mine)?
ooook

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[bestcandy]

The U.S. Department of Justice has been granted court approval to sell 69,370 Bitcoin (Silk Road seized Bitcoin) it would seem. A lot of FUD is to be expected, which will drive the price down. The selling itself, IF it happens, will not have a significant effect on the price, ironically.

What did I say? Weak hands are being shaken out. Use this as a chance to buy, not a chance to sell.

If it happens, I believe it may not have sgnificant effect on the price but one good thing is that it will bring more investors to Bitcoin as many investors will make good use of the opportunity to buy Bitcoin.
Considering the current speculated of propose interest of many investors to invest in Bitcoin and the idea of some countries to use Bitcoin as fiscal reserve I don't think if 69,370 Bitcoins will be much to float the system in such a way that the supply will be higher than the demand which will in turn result to dipping of Bitcoin price. However, even if it will have little effect on the price it will just be for a moment after which the price will still appreciate.

[Richy_T]

Do I know how these fires started? No. Do I think that if they do discover how they started it will lead back to some nutty brainwashed liberal trying to shine a light on global warming? Yes. Time will tell. History doesn’t always repeat, but it does usually rhyme.

In a way, it doesn't even matter what started it anyway. You leave that much tinder and kindling lying around piled up, it's going to catch sooner or later.

Though anyone who did set fires should definitely be prosecuted.

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[JayJuanGee]

Any guesses when we will see 100k-105k again?

I probably have to part with a tiny bit in the next 3 months so I'm thinking if I should do it now or later...

You are joking, right? We are approaching the final phase of the bull market. Based on previous cycles, we are going to reach the top in fall/winter this year so we are approximately 11 months away from the top. So, there's 99% possibility that price will increase and will be higher 3 months from now.

If you absolutely need to sell, do it, but as late as possible.

normally that's my thinking. However I need some fiat within the next 3 months.
Price is 15% under the ATH now, but that's more acceptable for me than hoping for team Biden not to throw the 70k coins onto the market before they leave office. I don't like gambles like that..

Also I hold my BTC for more than a decade and this price is more than i could dreamed of back then... So fasten your belts, I pulled the trigger, I sold 0.1% of my stash  
Still, I hope the price is at 150k in 3 months!  But it's good to have peace of mind. We will see how bad (or good) this trade for dirty fiat turns out to be

I would roughly guess that between $26k and $95k-ish.  I sold right around 3% of my total BTC stash, and sure maybe I bought some of that back, and maybe it ends up ONLY being 2.5% or some other lesser than 3% amount, and at the same time it is just something that is not really that hard to do.

I am not even sure if the numbers work out exactly or they make sense, yet I would claim that my cash holdings are right in the ball park of 2% of the value of my BTC stash, yet the dollars also seem like a lot of money. 

I made a quick glance at my currently outstanding and tentative sell orders up to $450k - ish, that I set around a month-ago..., and those tentative sell orders add up to a bit less than 3% of my current BTC holdings, and sure maybe I should either be planning to sell more BTC on the way up (if we go there) or to actually set some of the sell orders with higher quantities of BTC on the way up if we go there, even though from my perspective I am still trying to figure out how to spend that much money. and yeah, I may well just cash out some extra BTC from time to time as needed..  seems like a luxury. and maybe it really does not matter too much whether some of the extra cornz might be shaved off at $94k, $186k, $321k, or maybe even $63.5k... even though it seems we are still going UPpity whether any of us want that UPpity to happen or not.. so it is good to have BTC in my pocket, and even a plan to mostly have BTC in my pocket no matter the short-to-medium or even the long-term (absent some premature end of time on this here planet and surely we are all mortal. .even the bots    )..

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[Ivystar5]

I think we have so much high expectations from Bitcoin that no matter how high it goes, our expectations keep going up. Even price of 94k is also a high price. We are not accepting simple rule of market that Bitcoin also need some break after climbing so many stairs.

- Just my personal opinion.

Which is wrong.  You really think that there is any intention (or natural karma dynamics) to reward all the dumb fucks selling most if not all of their corn at or around $100k?  I continue to have difficulties with that ongoing suggested way forward.  It just does not make sense, even if it might end up happening... sure it could happen. but still does not make sense as a base case.

Those who think that Bitcoin is just about buying at a price (say 90k) and selling at high (say 100k) they may sell now as see profit. But those who understand Bitcoin as an asset must have a different way forward with Bitcoin.

There is always a big difference between Hodlers and Traders.
Shorrt term profit (within 24hrs time frame) and long term profits of years.

One is buys (strong hands) at the moment the other sells (weak hands).......

[Gachapin]

Any guesses when we will see 100k-105k again?

I probably have to part with a tiny bit in the next 3 months so I'm thinking if I should do it now or later...

You are joking, right? We are approaching the final phase of the bull market. Based on previous cycles, we are going to reach the top in fall/winter this year so we are approximately 11 months away from the top. So, there's 99% possibility that price will increase and will be higher 3 months from now.

If you absolutely need to sell, do it, but as late as possible.

normally that's my thinking. However I need some fiat within the next 3 months.
Price is 15% under the ATH now, but that's more acceptable for me than hoping for team Biden not to throw the 70k coins onto the market before they leave office. I don't like gambles like that..

Also I hold my BTC for more than a decade and this price is more than i could dreamed of back then... So fasten your belts, I pulled the trigger, I sold 0.1% of my stash  
Still, I hope the price is at 150k in 3 months!  But it's good to have peace of mind. We will see how bad (or good) this trade for dirty fiat turns out to be

I would roughly guess that between $26k and $95k-ish.  I sold right around 3% of my total BTC stash, and sure maybe I bought some of that back, and maybe it ends up ONLY being 2.5% or some other lesser than 3% amount, and at the same time it is just something that is not really that hard to do.

I am not even sure if the numbers work out exactly or they make sense, yet I would claim that my cash holdings are right in the ball park of 2% of the value of my BTC stash, yet the dollars also seem like a lot of money.  

I made a quick glance at my currently outstanding and tentative sell orders up to $450k - ish, that I set around a month-ago..., and those tentative sell orders add up to a bit less than 3% of my current BTC holdings, and sure maybe I should either be planning to sell more BTC on the way up (if we go there) or to actually set some of the sell orders with higher quantities of BTC on the way up if we go there, even though from my perspective I am still trying to figure out how to spend that much money. and yeah, I may well just cash out some extra BTC from time to time as needed..  seems like a luxury. and maybe it really does not matter too much whether some of the extra cornz might be shaved off at $94k, $186k, $321k, or maybe even $63.5k... even though it seems we are still going UPpity whether any of us want that UPpity to happen or not.. so it is good to have BTC in my pocket, and even a plan to mostly have BTC in my pocket no matter the short-to-medium or even the long-term (absent some premature end of time on this here planet and surely we are all mortal. .even the bots   )..

selling 3% laddered up to 450k$?  you might be clinging to your BTC even more than me    

who wanna have fiat anyways.... but I have over 99% of my worth in BTC, so I start to think that it's ok to enjoy some sweet corn from now and then...

....I hope Bob bought the snowpusher he contemplated

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[Gachapin]

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[bestcandy]

Any guesses when we will see 100k-105k again?

I probably have to part with a tiny bit in the next 3 months so I'm thinking if I should do it now or later...

You are joking, right? We are approaching the final phase of the bull market. Based on previous cycles, we are going to reach the top in fall/winter this year so we are approximately 11 months away from the top. So, there's 99% possibility that price will increase and will be higher 3 months from now.

If you absolutely need to sell, do it, but as late as possible.

normally that's my thinking. However I need some fiat within the next 3 months.
Price is 15% under the ATH now, but that's more acceptable for me than hoping for team Biden not to throw the 70k coins onto the market before they leave office. I don't like gambles like that..

Also I hold my BTC for more than a decade and this price is more than i could dreamed of back then... So fasten your belts, I pulled the trigger, I sold 0.1% of my stash  
Still, I hope the price is at 150k in 3 months!  But it's good to have peace of mind. We will see how bad (or good) this trade for dirty fiat turns out to be

I would roughly guess that between $26k and $95k-ish.  I sold right around 3% of my total BTC stash, and sure maybe I bought some of that back, and maybe it ends up ONLY being 2.5% or some other lesser than 3% amount, and at the same time it is just something that is not really that hard to do.

I am not even sure if the numbers work out exactly or they make sense, yet I would claim that my cash holdings are right in the ball park of 2% of the value of my BTC stash, yet the dollars also seem like a lot of money. 

I made a quick glance at my currently outstanding and tentative sell orders up to $450k - ish, that I set around a month-ago..., and those tentative sell orders add up to a bit less than 3% of my current BTC holdings, and sure maybe I should either be planning to sell more BTC on the way up (if we go there) or to actually set some of the sell orders with higher quantities of BTC on the way up if we go there, even though from my perspective I am still trying to figure out how to spend that much money. and yeah, I may well just cash out some extra BTC from time to time as needed..  seems like a luxury. and maybe it really does not matter too much whether some of the extra cornz might be shaved off at $94k, $186k, $321k, or maybe even $63.5k... even though it seems we are still going UPpity whether any of us want that UPpity to happen or not.. so it is good to have BTC in my pocket, and even a plan to mostly have BTC in my pocket no matter the short-to-medium or even the long-term (absent some premature end of time on this here planet and surely we are all mortal. .even the bots    )..

Base on the bull market of Bitcoin in the previous cycle it seem we are approaching the peak of the bull run but irrespective of that it's still difficult to give concrete prediction of the exact price of Bitcoin at the peak of the bull cycle because of the volatility of Bitcoin.Now if we critically consider the present speculated interest of Bitcoin it's certain that the price will still be in positive dimension with a high probability of bringing a good rate of return especially for long time holders that have made notable investment in Bitcoin.
Although, the current price of Bitcoin now will make many investors to be tempted to sell some of their Bitcoin asset with the intention of leveraging the present high price of Bitcoin now to make a good rate of return especially those that have invested and held Bitcoin for very long time but irrespective of the tempting high price of Bitcoin now there is need to invest more and hold more Bitcoin because there is a positive signal that what we a seeing now as a bull run of Bitcoin price may be less than what the price will be in the future.