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

[Biodom]

who bought up that fancy flavored ramen a few days back

big brain move - eating like a king now

Don't forget the @Searing "enhancement"-plop a hot dog inside.

Another comment: interestingly, rice does not contain all essential amino acids.
Rice is low on lysine, which is an essential amino acid (essential means human body does not synthesize it in sufficient amounts or not at all.
https://en.wikipedia.org/wiki/Essential_amino_acid

However, beans have plenty of lysine, so rice with beans combo has everything as far as proteins are concerned, hence students and other low income people always use this for a nutritious meal.

[BTCETFInvestor]

It will be interesting to see the leverage data when all of the dust settles. I wonder if people are adding to their short positions or taking profits during this drop. If they are adding to their short positions then they are going to have to buy at some point in the future to close out and take profits. I imagine that will cause a bounce. It’s been a pretty painful month for BTC (-17%).

I think BTC will more than just bounce back, and do it promptly. I tend to agree with what the analysts say (quoted below) will happen by year-end...  

Analysts Stand By Lofty Year-End Forecasts

In early October, Citigroup projected a year-end Bitcoin price of approximately $133,000, conditional on continued ETF inflows and increased demand from DAT firms. Standard Chartered offered an even higher forecast, predicting Bitcoin could hit $200,000 if weekly ETF inflows maintain the $500 million level.

Similarly, JPMorgan projected a year-end price of $165,000, arguing that Bitcoin was undervalued relative to gold. Goldman Sachs also looked to gold for a reference point, suggesting that if gold were to reach $5,000 per ounce, Bitcoin could potentially surge to $220,000.

► https://news.superex.com/articles/8245.html

[Biodom]

I declare that OG who sold 10K btc acquired in 2011 at $1.54 for $103-104K as being a currently weak hands mindtrust2...
...I guess he wanted to have a "cool" billion in cap gains, lol.

While he would be paying his 240 mil (minimal) in cap gains (if a US inhabitant), and losing his three comma status, bitcoin might rise above 140 thou.
In a long term analysis, selling at 104K is only marginally better than selling at 54K (a la Germany).

[goldkingcoiner]

How are you going to buy more Bitcoin if you don't tighten the budget? Might as well starve to buy more BTC.
Or is that somehow unreasonable?  

I would imagine that some guys sell on a regular basis based on price and/or based on time, so there are likely ways to buy back on dips and also frequently there will be other sources of income, once a guy gets to a status of having enough bitcoin or more than enough bitcoin. .so then the price might not be a major factor, even though there likely is some tailoring buys and sells around broader cycle kinds of ideas in terms of considering is the BTC price generally UP, DOWN or FLAT.

Am I being too general?

I think that my point is that there is a difference if a guy mostly has gotten through his accumulation phase, so there would be less emphasis on accumulation.. except maybe on dips and/or if some extra bitcoin might have had been sold (to generate cash) on rips.. and sure accounting for any other income sources that might be part of the picture.

Surely some guys might not be sure if they have enough bitcoin or more than  enough bitcoin, so they might not be sure if they are mostly through their bitcoin accumulation phase yet or not.

I understand that you may or may not have reached a status of overaccumulation, since your forum registration date is August 2017... so yeah, we have to go somewhat based on our own timeline and how much corn we might have had been able to accumulate and then how we might have had managed our maintenance of it in the event that we might be able to transition into sustainable withdrawal of one form or another.

Is there such a thing as overaccumulation of Bitcoin for a Bitcoiner? It is more about passion and dedication than it is about being wealthy enough or having achieved some sort of a goal with Bitcoin. The game is clear to everyone: There are a limited amount of sats in this world. Grab them while they're cheap.

[BTCETFInvestor]

You have been added to the positive Nancy tabulation and compilings.

@BitHodlers - Just trying to be helpful with info I've come across, nothing more...

Try to overlook the sarcastic accusations and totally unnecessary beatdowns that are all too common here from some...  
  

[BTCETFInvestor]

Huge $113 Billion volume in 24 hours  

Perhaps movements of coins from weaker hands to stronger hands?

Perhaps so, JJG... Hoping stronger hands is where the coins end up! I'm sure a lot will go to Blackrock and Fidelity for their ETFs that people are buying a lot of, and hodling...  

[philipma1957]

I declare that OG who sold 10K btc acquired in 2011 at $1.54 for $103-104K as being a currently weak hands mindtrust2...
...I guess he wanted to have a "cool" billion in cap gains, lol.

While he would be paying his 240 mil (minimal) in cap gains (if a US inhabitant), and losing his three comma status, bitcoin might rise above 140 thou.
In a long term analysis, selling at 104K is only marginally better than selling at 54K (a la Germany).

Maybe he has 10,000 in another wallet.

If I had 20,000 coins I would certainly need at least  100,000,000 cash

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[BTCETFInvestor]

I declare that OG who sold 10K btc acquired in 2011 at $1.54 for $103-104K as being a currently weak hands mindtrust2...
...I guess he wanted to have a "cool" billion in cap gains, lol.

While he would be paying his 240 mil (minimal) in cap gains (if a US inhabitant), and losing his three comma status, bitcoin might rise above 140 thou.
In a long term analysis, selling at 104K is only marginally better than selling at 54K (a la Germany).

Maybe he has 10,000 in another wallet.

If I had 20,000 coins I would certainly need at least  100,000,000 cash

Phil - Maybe he owns a copper mine!  

Have you got much copper remaining to sell?

[Biodom]

I declare that OG who sold 10K btc acquired in 2011 at $1.54 for $103-104K as being a currently weak hands mindtrust2...
...I guess he wanted to have a "cool" billion in cap gains, lol.

While he would be paying his 240 mil (minimal) in cap gains (if a US inhabitant), and losing his three comma status, bitcoin might rise above 140 thou.
In a long term analysis, selling at 104K is only marginally better than selling at 54K (a la Germany).

Maybe he has 10,000 in another wallet.

If I had 20,000 coins I would certainly need at least  100,000,000 cash

I can imagine what to do with 100mil, but I am at a loss as to what one may do with a billion.
Buy a couple of G550 plus four 50 mil $$ houses...and still have $700 mil, which could collect 28mil/year in interest on short term treasuries?
A billion is certainly an excess, no doubt about it.

[SPIDERMAN008]

Every crash rewrites conviction.
Every panic creates patience.
Every red tests whether your belief
or just dopamine from green .

I just admitted to the bear training camp.

[Richy_T]

I declare that OG who sold 10K btc acquired in 2011 at $1.54 for $103-104K as being a currently weak hands mindtrust2...
...I guess he wanted to have a "cool" billion in cap gains, lol.

While he would be paying his 240 mil (minimal) in cap gains (if a US inhabitant), and losing his three comma status, bitcoin might rise above 140 thou.
In a long term analysis, selling at 104K is only marginally better than selling at 54K (a la Germany).

But who says he's selling the full 10K?

Also, "addresses linked to exchanges" sets some spidey senses tingling. Maybe.

[BTCETFInvestor]

I declare that OG who sold 10K btc acquired in 2011 at $1.54 for $103-104K as being a currently weak hands mindtrust2...
...I guess he wanted to have a "cool" billion in cap gains, lol.

While he would be paying his 240 mil (minimal) in cap gains (if a US inhabitant), and losing his three comma status, bitcoin might rise above 140 thou.
In a long term analysis, selling at 104K is only marginally better than selling at 54K (a la Germany).

But who says he's selling the full 10K?

Also, "addresses linked to exchanges" sets some spidey senses tingling. Maybe.

Yeah, all we know is that 10K was transferred. We don't know how much of the 10k was actually sold...

[philipma1957]

I declare that OG who sold 10K btc acquired in 2011 at $1.54 for $103-104K as being a currently weak hands mindtrust2...
...I guess he wanted to have a "cool" billion in cap gains, lol.

While he would be paying his 240 mil (minimal) in cap gains (if a US inhabitant), and losing his three comma status, bitcoin might rise above 140 thou.
In a long term analysis, selling at 104K is only marginally better than selling at 54K (a la Germany).

Maybe he has 10,000 in another wallet.

If I had 20,000 coins I would certainly need at least  100,000,000 cash

I can imagine what to do with 100mil, but I am at a loss as to what one may do with a billion.
Buy a couple of G550 plus four 50 mil $$ houses...and still have $700 mil, which could collect 28mil/year in interest on short term treasuries?
A billion is certainly an excess, no doubt about it.

Well I am 68 and 100,000,000 clean is far more than I need. I would enjoy it.

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[philipma1957]

I declare that OG who sold 10K btc acquired in 2011 at $1.54 for $103-104K as being a currently weak hands mindtrust2...
...I guess he wanted to have a "cool" billion in cap gains, lol.

While he would be paying his 240 mil (minimal) in cap gains (if a US inhabitant), and losing his three comma status, bitcoin might rise above 140 thou.
In a long term analysis, selling at 104K is only marginally better than selling at 54K (a la Germany).

Maybe he has 10,000 in another wallet.

If I had 20,000 coins I would certainly need at least  100,000,000 cash

Phil - Maybe he owns a copper mine!  

Have you got much copper remaining to sell?improvement


Heavy gauge copper everywhere here!

Silver is almost gone maybe 3600 out of 20,000
Copper is almost gone. Maybe 1000 dollars and this is just copper from home improvement
And selling the forever stamps maybe 3000

So maybe 7600 left but I sold over 22,000

Waiting to drop back under 100k will buy more.

[JimboToronto]

And that might be the most beautiful ribeye I have ever seen. 

Actually, that's a little too lean. These are better:



Matsusaka FTW.

[Hueristic]

who bought up that fancy flavored ramen a few days back

big brain move - eating like a king now

Gonna have to hold off on the hot dogs for the moment!
Can't go all crazy in these trying times.

Water? Fish fornicate in it. There are much better beverages. Also screw the ramen.



Buy when you can, sell only when you absolutely must. Ignore the price.

Enjoy life.

Mmmm, Marbling.

[philipma1957]

You think that’s the bottom number?

I think that bottom is not the one for honey badger.

[philipma1957]

Hmm The Italians had a bad time tonight.

Mikie  Sherrill crushed Jack Ciattarelli. 56% to 43%

And Zoran Mamdani smashed Andrew Coumo. 48 to 41% with Curtis Sliwa getting 8%