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

[ChartBuddy]

Explanation
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[CLS63]

In this market greedy bastards like me can't win. I've been telling myself to buy Bitcoin if it goes down below 100k dollars. However this time I want to see 75k dollars. I will have a question to ask the geniuses here. Is it the right time now to start buying gradually or should I wait a little longer?

Holy fucking shit, CLS63.  Are you trolling us? You have been here since August 2017 and you are still fucking around trying to figure out when to buy dee cornz?

You should have had already been buying since August 2017 and that would have had helped you to answer your own question, since if you had been buying since August 2017, then either you can continue to buy or if you had gotten enough, then you would have had stopped buying at some point and then your stash size might inform you whether you might buy on certain dips.

Where you are at might help to answer your own question... and sorry for your loss if you spent 8 years on the forum without steadily buying bitcoin or some variation of such.

In this market greedy bastards like me can't win. I've been telling myself to buy Bitcoin if it goes down below 100k dollars. However this time I want to see 75k dollars.

You've been here for 8 years, what took you so long?

I will have a question to ask the geniuses here. Is it the right time now to start buying gradually or should I wait a little longer?

I'll tell you next week More serious answer: "buying gradually" sounds like DCA. The whole point of DCA is that you don't try to time the market, so you can start anytime you want.

I see that Loyce beat me to it.

I assume that I expressed myself wrong. I didn't say that I didn't buy any Bitcoin for 8 years. But I needed to start over because of the distress I had nearly 3 years ago. Sometimes things are out of your control in your life. Now I'm in a state to be able to make an investment again. I have a job and salary. I thought of buying Bitcoin because of this and I wondered the opinions of the geniuses here.

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[ChartBuddy]

Explanation
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[AlcoHoDL]

There's blood on the streets.
Was it Rothschild that said it?
You know what to do.

Designer babies?
AI insemination?
H. G. Wells foretold!

The sky's turning gay.
Homer must be ecstatic.
Transparent boner!

From 6 down to 5.
OMG, what's happening?
Is this Ava Max?

Downsliding with bumps.
A rescue mission for ants.
Buying from weak hands.

Mr. President,
It's time to use the red phone.
Tariff-pump that shit!

Good boy. Sell the dip.
That basement needs a new couch.
Thank you for your coins.

#7wodigestsundayhaikus

[ChartBuddy]

Explanation
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[bitebits]

This video can't be found on Grant Cardone his channel yet. Seems Saylor bought the dip, in size. We will know by Monday.

https://www.youtube.com/watch?v=bxZXRK48_S8&t=4214s


Btw hi guys (and what is this 'taking profit' talk about?)

[ChartBuddy]

Explanation
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[BTCETFInvestor]

I'm wondering how professional mining operations will react to this much lower ($95k) Bitcoin price if it remains this low or goes even lower?

Are the big professional mining operations less likely to continue mining with Bitcoin at a low price they didn't expect?

If this is the case (less likely to continue mining Bitcoin), doesn't that mean the outstanding supply is not decreasing as much or as quickly with less mining?

Wouldn't a decrease in Bitcoin mining hinder or slow down the amount of Bitcoin taken out of circulation - which is counterproductive to Bitcoin's price increasing?    

[El duderino_]

This video can't be found on Grant Cardone his channel yet. Seems Saylor bought the dip, in size. We will know by Monday.

https://www.youtube.com/watch?v=bxZXRK48_S8&t=4214s


Btw hi guys (and what is this 'taking profit' talk about?)

Its just something we take.

[philipma1957]

There's blood on the streets.
Was it Rothschild that said it?
You know what to do.

Designer babies?
AI insemination?
H. G. Wells foretold!

The sky's turning gay.
Homer must be ecstatic.
Transparent boner!

From 6 down to 5.
OMG, what's happening?
Is this Ava Max?

Downsliding with bumps.
A rescue mission for ants.
Buying from weak hands.

Mr. President,
It's time to use the red phone.
Tariff-pump that shit!

Good boy. Sell the dip.
That basement needs a new couch.
Thank you for your coins.

#7wodigestsundayhaikus

homer is designing transparent boner's that is fucking funny thank you

[ChartBuddy]

Explanation
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[WatChe]

He has said many times that he won't sell his Bitcoin.  If he did, it would be a complete loss of trust in his company as a Bitcoin Treasury Company and he would likely be sued for that by his shareholders.  Not to mention he has STRF, STRC, STRK, STRE, & STRD that he now has to support and having less assets won't help him continue "selling volatility" as he puts it.
(MSTR's offerings spell FCKED - The only thing missing to get FUCKED is U, the irony!)

I'm sure his legal team did their best to protect the company (although he did say he discussed this stuff with AI after lawyers wanted to take too long reviewing everything).  He'll be sued for certain at this point, but maybe his legal team does their job and he wins.  If that's the case, it's really just his shareholders that get screwed and if Bitcoin rallies again next cycle they would probably be profitable before the lawsuits were settled.  This is going to be one hell of an interesting story to track over the next couple years.

As long as his statement of 'never selling' is concerned, I think we might not take it seriously. Remember the case of Elon Musk few years ago, when he decided to accept Bitcoin as payment option for Tesla and after sometime he decided to back off from that decision as he suddenly came to know that Bitcoin is not environment friendly.

Like Elon Musk, Saylor is also a business man and if one day he decide to quit after getting his share from Bitcoin then what we can to him? Nothing.

I don't think Saylor is that much stupid to keep hodling Bitcoin forever.    

[Abelly]

Bob has already done that several times.  His argument is both that he has plenty and that his costs are quite low.. perhaps in the lower 3 digits.. yet I wonder.. .

Bob has done this many times before, his reasoning is that he clearly has enough backup funds, and his monthly expenses are under three figures, so he has no problem taking risks!

To be honest, everyone's situation is different, someone's low expenses, meaning that the same strategy will work for everyone, there is no guarantee that what is a comfort zone for Bob may be an additional risk for someone else!

In crypto, it would always be wise to make decisions based on your own risk tolerance and your own cash flow!

[asUHWEceyc]

honest orthodox
quadrennialism bound to
perish soon enough

[bangjoe]

So is it up or down for now for the next few months?

My hands are very itchy and hot.
Is it time to do DCA again or do we need to wait for another decline?

You have been here since April 2017 bangjoe (that is more than 2 whole cycles, congratulations). I would imagine that you have been already able to get a decent amount of coin through the years, and some guys will transition from a DCA strategy and into a buy the dip strategy after they have mostly already accumulated a decently good-sized stash.

Sure, there are some other guys that proclaim that you can never get enough bitcoin, so perhaps some of those guys would just keep DCAing, yet I suspect that guys who say that you can never get enough bitcoin, they likely have not considered the matter well enough, since I can think of a variety of scenarios in which a guy might have had gotten enough or more than enough bitcoin, especially guys who have been able to accumulate bitcoin for more than a couple of cycles, which seems to be your timeline bangjoe.

Of course,,,

And of the bitcoins that I have bought, not all of them I hold...

Some need to have a more decent house and a more comfortable vehicle, I sell from the profits... 

Now have decided again to make additional purchases, as supplies for the next few cycles

[JimboToronto]

(and what is this 'taking profit' talk about?)

Profit-taking is when you convert some of your assets into your preferred currency.

[bestcandy]

In this market greedy bastards like me can't win. I've been telling myself to buy Bitcoin if it goes down below 100k dollars. However this time I want to see 75k dollars. I will have a question to ask the geniuses here. Is it the right time now to start buying gradually or should I wait a little longer?

Holy fucking shit, CLS63.  Are you trolling us? You have been here since August 2017 and you are still fucking around trying to figure out when to buy dee cornz?

You should have had already been buying since August 2017 and that would have had helped you to answer your own question, since if you had been buying since August 2017, then either you can continue to buy or if you had gotten enough, then you would have had stopped buying at some point and then your stash size might inform you whether you might buy on certain dips.

Where you are at might help to answer your own question... and sorry for your loss if you spent 8 years on the forum without steadily buying bitcoin or some variation of such.

In this market greedy bastards like me can't win. I've been telling myself to buy Bitcoin if it goes down below 100k dollars. However this time I want to see 75k dollars.

You've been here for 8 years, what took you so long?

I will have a question to ask the geniuses here. Is it the right time now to start buying gradually or should I wait a little longer?

I'll tell you next week More serious answer: "buying gradually" sounds like DCA. The whole point of DCA is that you don't try to time the market, so you can start anytime you want.

I see that Loyce beat me to it.

I assume that I expressed myself wrong. I didn't say that I didn't buy any Bitcoin for 8 years. But I needed to start over because of the distress I had nearly 3 years ago. Sometimes things are out of your control in your life. Now I'm in a state to be able to make an investment again. I have a job and salary. I thought of buying Bitcoin because of this and I wondered the opinions of the geniuses here.

If you critically look at the way the market is going this days I think buying now is the best decision any investor can make. $95k price is a unique opportunity and I think it will be more favourable to buy with Lump sum for those that have the financial capacity because it gives them the opportunity to leverage this dip period to accumulate more Bitcoin to their portfolio. The reason why I say that lump sum is more favourable now than DCA is because anybody that have good funds can use this opportunity to buy more Bitcoin but those that want to use DCA may end up not buying much before the price will rise above the present price.

[philipma1957]

He has said many times that he won't sell his Bitcoin.  If he did, it would be a complete loss of trust in his company as a Bitcoin Treasury Company and he would likely be sued for that by his shareholders.  Not to mention he has STRF, STRC, STRK, STRE, & STRD that he now has to support and having less assets won't help him continue "selling volatility" as he puts it.
(MSTR's offerings spell FCKED - The only thing missing to get FUCKED is U, the irony!)

I'm sure his legal team did their best to protect the company (although he did say he discussed this stuff with AI after lawyers wanted to take too long reviewing everything).  He'll be sued for certain at this point, but maybe his legal team does their job and he wins.  If that's the case, it's really just his shareholders that get screwed and if Bitcoin rallies again next cycle they would probably be profitable before the lawsuits were settled.  This is going to be one hell of an interesting story to track over the next couple years.

As long as his statement of 'never selling' is concerned, I think we might not take it seriously. Remember the case of Elon Musk few years ago, when he decided to accept Bitcoin as payment option for Tesla and after sometime he decided to back off from that decision as he suddenly came to know that Bitcoin is not environment friendly.

Like Elon Musk, Saylor is also a business man and if one day he decide to quit after getting his share from Bitcoin then what we can to him? Nothing.

I don't think Saylor is that much stupid to keep hodling Bitcoin forever.    

Saylor is over 50 so he will be dead in 40-60 years time.

He can’t hold it forever.

The question is in 2030 in 2040 in 2050 the next 25 years does he hold it for those 25 years. Does he bail?


as for buyingnow.

i have cash set next for 92.5k dip

still doing dca with the mining.

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com