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

[hypebrother]

Same drill as last night.  Earth is again (or still) being buffeted by some fast moving solar winds and surprise auroras are in the cards.   Look up!
Also, go bitcoin!

@xhomerx10 - I remember how the Aurora Borealis used to fry and sizzle the HF bands on Ham radio making communication nearly impossible.  

 I've never heard it but I understand it's like the sound of bacon frying.  
I had a friend who's mother swore when the auroras were strong, way up north at their cottage, she could hear them sizzle in the air.  On a still winter night, it's pretty quiet way up there (and pretty darn cold too).  

I just recently read that the audio sounds from auroras is a real thing.  Many in the past had heard them, some are reporting hearing the sounds now and are beginning to investigate and record it.

https://nautil.us/the-northern-lights-make-music-504237/

... but how is it that btc can go up almost 10k in just a few days?  What drives that is always a mystery.

Reminds me of this scene,.
https://www.youtube.com/watch?v=FpkZi262Wi4

it is driven by a 'secret' bitcoin "mojo risin' " 

[ChartBuddy]

Explanation
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[El duderino_]

when will we see the next chopper in the WO?

[ChartBuddy]

Explanation
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[hypebrother]

when will we see the next chopper in the WO?

trash always belongs to the chopper

[ChartBuddy]

Explanation
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[ChartBuddy]

Explanation
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[hypebrother]

Explanation
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https://youtu.be/6fVE8kSM43I?si=QhvW9Xwj-5sV9nTk

[Tonimez]

Fight off your weaknesses, the panic mentality, the Waits, the Gambling mindsets. Bitcoin is an asset that deserves HODLing. How do you feel when you see bitcoin heading up after panic selling your bitcoin at a lower price?

Disappointed??

Yeah it's humanly! The market would always favour HODLers more. Bitcoin is volatile and no one knows the next movement, all we know is that it's heading all up cumulatively and over time. Invest with your discretionary income and caution your self about selling under panic.

Bitcoin is 🔥🔥

Chartbuddy rocks🔥

[ChartBuddy]

Explanation
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[STT]

Is that what a sell wall is supposed to look like.   Not a wall but more obvious then normal, thats just the range boundary we've had for a while.  It can be beaten and some of it will fall down in the attempt imo.

Dollar Index is weak, it did attempt 100 in late July but currency continues to fall away in value. A few people have pointed out much of the price rises behind inflation have been delayed and likely still ahead of us.

[d_eddie]

@OgNasty - It would clearly be bad mistake selling at $140k when 7X that amount ($1 million) is just six or 7 years away in 2031/2032 - unless of course you don't expect to still be around then.  

You must be very young. It's not about still being around. Go through a pair of cycles, add 10 or so to your age, and you might begin to understand some grown up talk.

You must not have seen the posts in which BTCETFInvestor had already told us that he is investing 8 figures, which surely strongly suggests that he is either a grown up or he is a very smart youth..    

You're right I didn't. I've been skipping some lately.

My apologies to you, BTCETFInvestor. It's not immaturity. It's preposterous overaccumulation. They say that after 10 million, extra money doesn't change your lifestyle that much - except for yachts, private jets, or multiple mansions. So probably your difficulty is not with grown up talk, but common mortal talk.

[ChartBuddy]

Explanation
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[Gachapin]

@OgNasty - It would clearly be bad mistake selling at $140k when 7X that amount ($1 million) is just six or 7 years away in 2031/2032 - unless of course you don't expect to still be around then.  

You must be very young. It's not about still being around. Go through a pair of cycles, add 10 or so to your age, and you might begin to understand some grown up talk.

You must not have seen the posts in which BTCETFInvestor had already told us that he is investing 8 figures, which surely strongly suggests that he is either a grown up or he is a very smart youth..   

oh you read his posts... you are really working your ass off aren't you..


...so he is actually an ultra rich merit farmer ??

[BTCETFInvestor]

@OgNasty - It would clearly be bad mistake selling at $140k when 7X that amount ($1 million) is just six or 7 years away in 2031/2032 - unless of course you don't expect to still be around then.  

You must be very young. It's not about still being around. Go through a pair of cycles, add 10 or so to your age, and you might begin to understand some grown up talk.

You must not have seen the posts in which BTCETFInvestor had already told us that he is investing 8 figures, which surely strongly suggests that he is either a grown up or he is a very smart youth..    

You're right I didn't. I've been skipping some lately.

My apologies to you, BTCETFInvestor. It's not immaturity. It's preposterous overaccumulation. They say that after 10 million, extra money doesn't change your lifestyle that much - except for yachts, private jets, or multiple mansions. So probably your difficulty is not with grown up talk, but common mortal talk.

@d_eddie - I treat investing as a game, and I enjoy winning at it!  

[d_eddie]

You must not have seen the posts in which BTCETFInvestor had already told us that he is investing 8 figures, which surely strongly suggests that he is either a grown up or he is a very smart youth..    

oh you read his posts... you are really working your ass off aren't you..

Sometimes JJG feels like a superhuman bot. I'm sure I'm the first to say that here.

EDIT

@d_eddie - I treat investing as a game, and I enjoy winning at it! 

I see. Many here treat investing as a way to improve their lifestyle. That's why you sometimes don't get it. It's like giving up one trick in bridge to make sure you don't give up more, so you fulfill your contract.

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[BTCETFInvestor]

You must not have seen the posts in which BTCETFInvestor had already told us that he is investing 8 figures, which surely strongly suggests that he is either a grown up or he is a very smart youth..    

oh you read his posts... you are really working your ass off aren't you..

Sometimes JJG feels like a superhuman bot. I'm sure I'm the first to say that here.

EDIT

@d_eddie - I treat investing as a game, and I enjoy winning at it!  

I see. Many here treat investing as a way to improve their lifestyle. That's why you sometimes don't get it. It's like giving up one trick in bridge to make sure you don't give up more, so you fulfill your contract.

@d_eddie - I totally understand that many here treat investing as a way to improve their lifestyle. My lifestyle has been gratifying and rewarding for so many years that I no longer have a desire to improve it further - therefore I treat investing much like a fun game or a hobby.    

As strange as it may seem, I enjoy the excitement of market volatility - creating big paper gains and big paper losses, which over the years I became immune to that commonly happening. I also enjoy moving income money from various sources around to better invest it.  

I just looked at my brokerage account where I have 5,950 shares of Fidelity spot Bitcoin 'FBTC' with a cost basis of $95/share . The share price at yesterday's close was $102.51 - it has gained $1.79 to $104.30 this morning for a nice little gain so far today of $10,650.  Looks like it might hold or increase even more since the spot ETF tracts the price of BTC nicely.

To be a fairly late investor in Bitcoin via shares of a spot ETF, as of this morning I have a nice gain of about $58k or 10% on my $565k investment.

My investment synopsis for buying the spot ETF is that about 1,146 shares of FBTC equals the price of one Bitcoin (i.e. BTC price $119,600k ÷ $104.30=1,146). I wanted to invest in the equivalent of 5 BTC which I have with my 5,950 shares of FBTC (5,950 ÷ 1,146 = 5.2 BTC).        

 

Hopefully this makes sense coming from a seasoned investor with decades of experience...  

[ChartBuddy]

Explanation
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[BTCETFInvestor]

BTC 24h volume and price increase continues to impress! $67B and 2.2%