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

[OutOfMemory]

Jay, you might have got me wrong on this.
What i was trying to say was like it's not a good idea to bet on downity in an upity movement (from a moderately zoomed out point of view).
I think you agree with me on that.

Well.   Perhaps, egg on my face, again?

I may have read too much into your statement of "You can call me stupid" since I was understanding some variation of that statement to have had been some kind of a subtle hint that you might have had done some kind of a similar attempt to trade.. so yeah, from your response it seems that I was wwwwwwrrrroongg

Yeah, i was self-ironic, which is not easily identified sometimes.
We're all wrong sometimes, that makes us human (AI's, can you hear me?)

EDIT: just wanted to add that i can still feel the results of my planking adventure, but it's not that unpleasant anymore. I should up my training units a little more, and i doubt i will try this kind of intensity increase again...

In about the past 10 months, I have been doing three pushup sets per day, and one of the three pushup sets is purposefully slow, which I consider to be a kind of plank substitute, since I don't want to do planks.

The slow pushup sets tend to be between 20 and 25 pushups and usually between about 60 seconds and 105 seconds.

So far, I have not had any of my pushup sets that I could make last longer than 105 seconds.

After right around a year and a half of daily pushups, my normal pushup sets tend to usually be between 40 and 60 pushups and usually slightly less than 1 second per pushup, even though there is some variance in regards to the speed of my regular pushup sets.

That's really good, imo.
I do sets of 15-20 with handlebars, these are better for my wrists (as a drummer that actually plays the drums sometimes) and let me go deeper. This keeps the back muscles working more, so the risk of a hunchback is smaller. Over 50 you should always workout slower, it builds (or maintains) more muscle mass and is easier on the joints, also less danger for muscle and tendon pains.
Sometimes i do superslow pushups, which take half a minute or more. Try it, it's fun and three of those get you sweating.
Also, i always start from the ground position, in my experience it helps keeping the back straight.

[Negotiation]

A guy of your age and life circumstances (that you have kind of outlined previously) should have had also been able to double or triple the budget that I just mentioned, so let's say $50k and somewhere in the ballpark of 8 BTC...

Sometimes I regret, that I didn't learn about Bitcoin a few years ago. The reason is that the price of Bitcoin is at its highest level now. Therefore, there is no possibility that the price of Bitcoin will go back to its previous level. However, the price may decrease a little. However, I will wait and try to collect or save some Bitcoin in the future.

[d_eddie]

Anyone seen this :


^{X post}

I was reading about that earlier. It will be interesting to see exactly what effect it has since we will be able to know which candle without a doubt. I think I read his actual buy amount was going to be closer to $750 million, but still a hefty amount. I think we need to close the CME gap at $117,500 before we blast off to new highs, but maybe that happens tonight or tomorrow morning before the big buy.

If anything, he's going to buy this dip if/when the CME gap gets filled. Or it might be just an attempt at manipulation.

EDIT Here he is? 🐜 🐜 🐜

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[Lucius]

If you don't want fiat, there's always the option to invest in gold.

invest in gold.
Holy shit.
~snip~

In the context of the situation @UnDerDoG81 is in, why would gold be such a bad option? Its value is relatively stable and people have been using it for millennia - and for me personally, it is much more risky to have fiat in a bank account or stablecoins that can be frozen at any moment for any reason.

Besides, if everything goes to hell and we are left without the internet and food on supermarket shelves, gold will be worth something - Bitcoin, dollars, euros, stocks and bonds will be worth nothing.

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[hisslyness]

Been awhile since I have posted anything that is some what meaningful... Hope everyone has is well.

Been hearing a lot of "selling now and possibly buying back lower"

Years ago I'd came up with a formula that may give you a little more insight to what you are really doing and the conditions needed to "Buy Back Lower" especially for those who live in a country where the Capital Gain Tax isn't that friendly... was crafted to convince someone what they were planning wasn't going to end well...

D = Perc Decline from Sale Price
S = Sale Price
C = Cost Basis
CGT = Cocky Government TShakedown (The T Silent)

D = ((S - C) * CGT) / S * 100


Decline %   Sales Price   Cost Basis   CGT
29.75%   $118,000.00   $1,000.00   30.00%
28.73%   $118,000.00   $5,000.00   30.00%
27.46%   $118,000.00   $10,000.00   30.00%
24.92%   $118,000.00   $20,000.00   30.00%
22.37%   $118,000.00   $30,000.00   30.00%
19.83%   $118,000.00   $40,000.00   30.00%
17.29%   $118,000.00   $50,000.00   30.00%
14.75%   $118,000.00   $60,000.00   30.00%
12.20%   $118,000.00   $70,000.00   30.00%



Not to mention the psychology of price declination. I bet 99% of people didn't buy enough bitcoin or any during the bear market! so what makes you think you would now...

The only slight benefit, and I stress, slight, is that you increase your cost base. Which to me feels more like a taxation on unrealised gains.... especially if you fall within the "decline %".

[bangjoe]

Seeing the parents of Wo's parents speculated and argued, it was very pleasant to read it.

[AlcoHoDL]

Anticipation,
Hyperaccumulation,
Multiplication!

#bitcoin101haiku

[philipma1957]

Thanks for all the replies. I’m not gonna quote all that though 😂

First of all, I don’t try to cash out in an illegal way. I want to do it all by following the law. It’s no joke in Germany to mess with the tax people. My cashing outs would be tax free anyway. One concern is that I don’t trust governments. And with the (climate change) agenda they are pushing, I think we don’t have a lot of time left to social credit scores and CBDC. I don’t wanna dive into conspiracies. But I don’t feel comfortable having big money on my bank account and the government having access to it.

Also I don’t plan to spend it. I still live the life I was living before Bitcoin. I just want to have something on the side for the worst case scenario of a black swan event. When I got into bitcoin it was all about “fuck Wall Street, fuck the banks, fuck the government”. And now it’s “yihaaa we have Wall Street, banks and the governments joining Bitcoin and we need them for growth”. I want to believe that Trump embraced Bitcoin after seeing the CBDC plans. But at the end I think he is just one of them.

I have trust issues and can imagine they be acting as Trojan horses in one way or another. However. Also I don’t trust Michael Saylor. It needs just one tweet like “Michael Saylor starts selling his Bitcoin” and all hell will break loose. He can talk all day about how much he believes in Bitcoin. But these people are not trustworthy. Too much wealth concentrated in one place is never good.

I probably gonna follow the plan on selling 10%. Not even by price increase I think. Just 0.1 per week dca out. Unless the price drops too much, then I keep holding. Like under 100k Euros I won’t sell. Just have to figure out what currency. Maybe some fiat on seperate bank accounts. Some as usdc. Some as USDT.

not a fan of usdc or usdt.

i would rather hold gold , silver ,actual cash and cash in the bank.

now I assume you have ten 12 year old coins

are selling one one and keeping nine.

with the great hodl you did do not freak out that you held all euro and euro dropped.

or you held all dollars and it dropped or all pounds and it dropped.


you still have nine held btc as compared to one sold soon.

what ever euros dollars or pounds do it is but a small piece of your wealth.

and jjg was out of context knocking buying some gold or silver or platinum in your particular case.

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[hypebrother]

After reading some informative inputs by WO members, I have seen a parallel from a book that I ve read some time ago, titled - "Wizard of Markets," The Author specifically interviews top/legendary traders who made it big in the stock market. The important thing i noted from most of the interviews and also from an anonymous trader (since he liked to respect his privacy), that there is no general rule of thumb in trading. All traders who began with zero to no expertise in the field, speaking for them, most of them had totally different backgrounds. They were all floor traders (which is the way the used to trade in the olden days).

All of  them lost money in the first few tries. Then, when they developed their own technique through their own analysis - whether fundamental/technical or just one of them or none. They made consistent wins.

Two things i noted also from the book

1) They never over trade
2) They always had a journal - which helps learn their own state of mind before analysis & trade and after.

Slowly, their balance went to millions and colossal percentages of returns.

So, it is just learning key techniques, implementing them. Finding your own way of trading - Without self-doubt, which is the key part of emotional discipline. This I think is the most important part of trading.

Overall discipline is also considered as key here. Which again, has no general rule of thumb since we are all different in our ways.

One thing I'd like to add here is that we now have various tools to back test our trading. Like paper trading (without risking real money), you can also get historical data and such from tradingview etc.

I guess these points which I have noted and which helped me in my journey will benefit the futures trading novices.



    “Do not follow where the path may lead. Go instead where there is no path and leave a trail.”
    – Ralph Waldo Emerson

[hypebrother]

Well, one more thing I'd like to add. Regarding my personal journey.

I tried this and it worked. But, since I was not feeling totally satisfied I decided to change routes.

FYI, I did options.

There are two reasons. One is that I am working on a host of other projects, which really interests me and thus more fun.
Second is that I just have no patience to sit and wait till my positions will trigger and such.

I just thought to give it a try since I had some free time from my other projects.

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[OgNasty]

So about that billion dollar buy… He did say it was going to be Bitcoin and not Ethereum or Solana right? The market doesn’t scream that someone just smash bought a billion dollars worth of Bitcoin. I guess maybe that’s why you tell everyone afterwards instead of before, or was this all just nonsense for manipulation and clout?

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[hypebrother]

I did see the news screenshot about the big buy. Never bothered to care about these kindof dreams really, so i did not check time. It was just an idea that was triggered from a thought which ran in my head after seeing some WO veterans giving insightful inputs regarding trading. Trading for me is just buy and sell. If its options/futures you still buy/sell - this time you buy a contract instead of the underlying asset which here is just BTC. I never bothered to check other prices really since I was hyped from the day I saw the news about BTC in 2012 somewhere. This whole thing about bail and all. I was interested in music making that time.

I even had my antivirus detect BTCminers in my old laptop and I just thought it was some kindof virus initially since it had the word 'mining' which for me gave a negative feeling of hurting something. So I just passed it. I got into it after 2012. Well, we young boys from India had a really tough time since the unemployment rate was just huge.

Anyhoo. This is not done with any malicious intent.

The whole write up is just a basic follow through thought from the thought of having some respectable WO Members talking about trading. Since I see that this thread is getting very much more newbie views after the 120 hit. Most of them maybe afraid to ask since some 'veterans' just outright are unwelcoming.