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

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[JayJuanGee]

A see something controversial in the charts:
Since Dec 2022 low (3 years):

BCH outperformed Bitcoin during both the last three and one year time frames:

BCH at 97.7 at Dec 2022 low, now 624.12 (up 538.8%)
BCH at 480.65 one year ago, now 624.12 (up 29.84%)

BTC at 15782 at Nov 2022 low, now 87892 (up 456.9%)
BTC at 100070 one year ago, now 87892 (down 12.17%)

My read: there are some parties or a hedge fund (or a multiple of those) that are actively accumulating BCH in the last three years, accelerating in the last year and at the same time the same funds might have been shorting btc (the latter suggestion is a stretch, but could be a logical path).

I can easily see how bch can make itself more "sexy" in the short term...beware.
What would happen to the sentiment in btc if outperformance of bch would increase?
Of course, those bitcoins that were not split since 2017 would get both chains appreciation or the lack of it.

Horey sheit!!!!  You sound distracted. 

There are not even very many places that I can find the BTC / BCH pair in order to try to make a comparison, yet it seems that BCH had gone down quite a bit for several years prior to 2022 (so yeah, mostly starting from 2018 until 2022), so the mere fact that it recovered a wee bit or stayed flat since 2022 sounds like a BIG so fucking what?

Which other pieces of shit coins should we be distracted into with some hope that they may have some temporary pumpenings?

Does not seem like a good use of time, energy and/or value to be gambling with our bitcoin investment funds (or even our discussions in this thread) in such a way that we might be trying to identify some glimmer of hope that some shitcoin might be less shitty than some other shitcoin on some timescale that we consider potentially profitable to trade with our investment funds.

[Biodom]

A see something controversial in the charts:
Since Dec 2022 low (3 years):

BCH outperformed Bitcoin during both the last three and one year time frames:

BCH at 97.7 at Dec 2022 low, now 624.12 (up 538.8%)
BCH at 480.65 one year ago, now 624.12 (up 29.84%)

BTC at 15782 at Nov 2022 low, now 87892 (up 456.9%)
BTC at 100070 one year ago, now 87892 (down 12.17%)

My read: there are some parties or a hedge fund (or a multiple of those) that are actively accumulating BCH in the last three years, accelerating in the last year and at the same time the same funds might have been shorting btc (the latter suggestion is a stretch, but could be a logical path).

I can easily see how bch can make itself more "sexy" in the short term...beware.
What would happen to the sentiment in btc if outperformance of bch would increase?
Of course, those bitcoins that were not split since 2017 would get both chains appreciation or the lack of it.

Horey sheit!!!!  You sound distracted.  

There are not even very many places that I can find the BTC / BCH pair in order to try to make a comparison, yet it seems that BCH had gone down quite a bit for several years prior to 2022 (so yeah, mostly starting from 2018 until 2022), so the mere fact that it recovered a wee bit or stayed flat since 2022 sounds like a BIG so fucking what?

Which other pieces of shit coins should we be distracted into with some hope that they may have some temporary pumpenings?

Does not seem like a good use of time, energy and/or value to be gambling with our bitcoin investment funds (or even our discussions in this thread) in such a way that we might be trying to identify some glimmer of hope that some shitcoin might be less shitty than some other shitcoin on some timescale that we consider potentially profitable to trade with our investment funds.

FFS...distracted? I gave you the data..you can close your eyes and ears, smoke it or look at it and surmise what it means.
Don't feign a surprise if the dichotomy increases further due to an aggressive marketing, which i am sure is coming pretty soon (within a year or two).

I don't need to buy bch as it is tucked in together with btc, sleeping side by side in a permanent hodling wallet since way back when.

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[Searing]

I am double posting to say I have far more in btc than silver

why is that BTC is liquid and silver is so so.

Look at my bitcointalk listing for silver.


https://bitcointalk.org/index.php?topic=5568505.0

silver is over 24 usd a coin (half dollars)

and I am asking under 20 a coin a huge discount

and the guy wants more discount. LOL

That is how hard it is to sell silver.

I have played with silver since 1977.

I caught every runup and made some money each runup but selling it is always very hard to do.

I would never own a kilo or a 100oz bar as that is worse to be sure it is good.




@hyperjacked if BTC is going to be toyed with like it seems to be and if they do a repeat and rinse move it is in trouble as it is too easy for this to happen and there is no reason for it to happen other than really rich whales hurting the rest by playing yo yo

Wow Phil you’re older than me… 😝 I timed the last run up in silver and traded it in for Bitcoin.
We are in uncharted territory imho and we have Blackrock and the boys playing around this time! We can certainly expect the unexpected… they are absolute professionals at stealing your Bitcoin 1 satoshi at a time!
 Tread lightly… buy the dips n hold has always been a good strategy long term imo 😎

1) Buy and HODL. Myself selling stuff out of attic I'd otherwise die with is soooooo boring...for some BTC dust....I'm not like

Phlipma1957....I got's no scrap copper/silver etc.

2) Mining BTC, which is problematic as as small fry. Indeed Voskcoin with a decent miner operation and with a large YouTube Subscriber base shut down his Bitcoin Mining

 in that at 9c KWh it just was not cutting it.

3) Just buy and HODL from regular income (if a job) with auto-pay out to BTC each say week...again HODL

or

4) as was stated above be a big institution or whale and play games with FUD (fear, uncertainty, despair) to get folks to sell dump and gobble it up. This is the most evil

and smart play to do.....also with low btc liquidity you can play this game with bots to do FUD and panic every day with conditions right.

So only 1) selling stuff and HOLDING and 3) regular income auto pay to btc say weekly  seem the most legit way to HOLD btc.

as to 4) well we are gonna see a lot more of that FUD going on via Institution and whale gobbling up as it is the most bang for the buck

but HODL'ing btc since 2015 and trying to add to my Bitcoin Hoard is my play, it basically is all in an estate if i die goes to friends and relatives anyway

or if medicinal or other emergencies I can tap in (strippers as personal care attendants in the nursing home)

But since 2015 HODL seems the legit play in hindsight....as to selling crap on eBay and FB 'should' do it but sooooooo boring and I'm retired...so slog'ing on

again HODL

supposedly 66% of Bitcoin is held by individuals outside of Satoshi and the rest...the goal of Blackrock and others is to use FUD to grab as much as possible from individuals

(also old time whales) so be aware. Myself Blackrock badly wants my BTC which is reason enough to HODL.

[ESG]

Explanation
Chartbuddy thanks talkimg.com

Hey Buddy!!!
, this business of staying above
 85 and below 90,
with strong volume, looks like accumulation....
 Suddenly there may be that attempt of the expected 100k,
 really the volume is very high... and it didn't make it past 80...
.a war of hedgers? It really seems,
after the payments that Russia says it would accept
 and so on were started, this absurd volatility has not stopped....
 there are things happening under the hood,
which we can't see if we don't want to....
now, it already has NITS, integrated with BRICS Pay... Ah, these are all guesses and desires in my head, based on the space-time of price volatility related to market chaos compared to the global flow of capital. and in fact I just think you can't lose the 85 in a weekly closing.... And then, at the turn of the year, it could be a rocket that explodes in the air and releases a bunch of bright lights that illuminate our skies in the dark night assimilating with colorful shooting stars,...

....Buddy, I'm running for a red flag that a madman can hit on my head.... hahahaha...
 to die, you just have to be alive, !!!
see you later my dear,
 I'll be around here checking your order book
and speaking my sour guesses...
. and my broken news...



-------#:
Buddy, I tried my best, I cursed him with all names, and told him to give me a red flag for my profile to look beautiful for Christmas.... And he said he won't follow my commands buddy, is it hard to get a red flag?
##:
Buddy, what impressed me the most, was that I thought i 'd were 100% sure I would get a red flag... because I'm nobody here, and very important people here on the forum, had their profile painted red by this guy.... But I, even though I said what I said, I didn't get the desired red flag.... I was sad and disappointed, because I really tried hard...

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[philipma1957]

I am double posting to say I have far more in btc than silver

why is that BTC is liquid and silver is so so.

Look at my bitcointalk listing for silver.


https://bitcointalk.org/index.php?topic=5568505.0

silver is over 24 usd a coin (half dollars)

and I am asking under 20 a coin a huge discount

and the guy wants more discount. LOL

That is how hard it is to sell silver.

I have played with silver since 1977.

I caught every runup and made some money each runup but selling it is always very hard to do.

I would never own a kilo or a 100oz bar as that is worse to be sure it is good.




@hyperjacked if BTC is going to be toyed with like it seems to be and if they do a repeat and rinse move it is in trouble as it is too easy for this to happen and there is no reason for it to happen other than really rich whales hurting the rest by playing yo yo

Wow Phil you’re older than me… 😝 I timed the last run up in silver and traded it in for Bitcoin.
We are in uncharted territory imho and we have Blackrock and the boys playing around this time! We can certainly expect the unexpected… they are absolute professionals at stealing your Bitcoin 1 satoshi at a time!
 Tread lightly… buy the dips n hold has always been a good strategy long term imo 😎

1) Buy and HODL. Myself selling stuff out of attic I'd otherwise die with is soooooo boring...for some BTC dust....I'm not like

Phlipma1957....I got's no scrap copper/silver etc.

2) Mining BTC, which is problematic as as small fry. Indeed Voskcoin with a decent miner operation and with a large YouTube Subscriber base shut down his Bitcoin Mining

 in that at 9c KWh it just was not cutting it.

3) Just buy and HODL from regular income (if a job) with auto-pay out to BTC each say week...again HODL

or

4) as was stated above be a big institution or whale and play games with FUD (fear, uncertainty, despair) to get folks to sell dump and gobble it up. This is the most evil

and smart play to do.....also with low btc liquidity you can play this game with bots to do FUD and panic every day with conditions right.

So only 1) selling stuff and HOLDING and 3) regular income auto pay to btc say weekly  seem the most legit way to HOLD btc.

as to 4) well we are gonna see a lot more of that FUD going on via Institution and whale gobbling up as it is the most bang for the buck

but HODL'ing btc since 2015 and trying to add to my Bitcoin Hoard is my play, it basically is all in an estate if i die goes to friends and relatives anyway

or if medicinal or other emergencies I can tap in (strippers as personal care attendants in the nursing home)

But since 2015 HODL seems the legit play in hindsight....as to selling crap on eBay and FB 'should' do it but sooooooo boring and I'm retired...so slog'ing on

again HODL

supposedly 66% of Bitcoin is held by individuals outside of Satoshi and the rest...the goal of Blackrock and others is to use FUD to grab as much as possible from individuals

(also old time whales) so be aware. Myself Blackrock badly wants my BTC which is reason enough to HODL.

Yeah they sell on ebay (silver quarters) a bit under spot(melt) 440 vs 481

just sold 1 more a few minutes ago.

I had 10 rolls of quarters sold 3 so far.

Roughly 540 usd became 1100 usd after fees. It will allow for more 0.001 buys of btc.

[JayJuanGee]

[edited out]

FFS...distracted? I gave you the data..you can close your eyes and ears, smoke it or look at it and surmise what it means.

Oh gawd...    

Aren't you providing Alpha?  the latest tip.

Don't feign a surprise if the dichotomy increases further due to an aggressive marketing, which i am sure is coming pretty soon (within a year or two).

Why would I care?  except to call them retards?  

I am glad that we are going to have a nice little battle here. You are a much better opponent than that bitcoin spot ETF twat, even though you remain stubborn to continue to imply that there was some validity for you to raise a topic of concern of a shitcoin in these here parts that may well be less shitty than other shitcoins on a temporary basis, even if we assume that anyone gives any shits about hedging their bitcoin with worthless crap (because they happen to still have that crap from 2017 blah blah blah)...

Guys still holding onto BCH? Wonder what to do with you?  You are refusing to sell it?

By the way, I still hold some Bgold (perhaps even all of my stash, even though I was able to split it off of my stack at some point).. and I don't really care about it and/or I don't care if my bgold goes to zero, even though I recognize that there was a time that my bgold had gotten close to 5% of a bitcoin.  I think that I was considering selling at 5%-ish.. but then at that time, it got to 4%-ish and I held out and watched it spiral down to its current price of right around 0.0008853% of a bitcoin (meaning that right now it is at about $0.78 per Bgold.

Bcash is currently 0.7% of a bitcoin, which is $621 per Bcash (BCH).

I don't need to buy bch as it is tucked in together with btc, sleeping side by side in a permanent hodling wallet since way back when.

You should have had sold that crap years ago (prior to 2022, perhaps even in 2017 or 2018 at the latest?), but yeah, if you want to hedge your whimpy ass (I was just looking for a chance to use that descriptor.. hahahahahaha) then that's 100% your choice to have fun diluting your bitcoin investment by keeping your cornz safely tucked away, side by side with pieces of look-a-like shit within the surroundings of your precious cornz.. even if you ONLY have 20 of them. .hahahaha.. which is looking pretty good right now, even though we might not be able to make it to your $20 million per coin any time soon..

[Biodom]

Stupid captcha: asks to identify the taller building, but shows just the crane (no building), lol.
AI "implied" that the building is there somewhere, beyond the frame, lol.

I am on vacation, and I am getting there in age (younger than Phil, but not by much), so i was reading a bunch of retirement books.
At the risk of @JJG getting at me...and saying that all you need is btc, I would say that i read the new book by William Bengen (the "4% rule" guy), who now says that for a 30 year retirement at least 4.7% spent (percentage of portfolio withdrawal per year) is possible.

If the retirement is less than 30 years, and I modeled both 15 and 20 years, then up to 7-8% portfolio withdrawal per year could be safe (without EVER having a 0 in the account based on ALL >100 years of previous data).

The previous data does not contain bitcoin since it is very new, but if even without bitcoin 7.5% withdrawal rate is possible for a 20 year long retirement, then with 20% bitcoin (an arbitrary number with some here having much higher numbers, probably), even 8-10% SWR (safe withdrawal rate) is very doable, imho.

Or, stick to the 4.7% withdrawal rate and leave a large legacy  .

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[philipma1957]

Stupid captcha: asks to identify the taller building, but shows just the crane (no building), lol.
AI "implied" that the building is there somewhere, beyond the frame, lol.

I am on vacation, and I am getting there in age (younger than Phil, but not by much), so i was reading a bunch of retirement books.
At the risk of @JJG getting at me...and saying that all you need is btc, I would say that i read the new book by William Bengen (the "4% rule" guy), who now says that for a 30 year retirement at least 4.7% spent (percentage of portfolio withdrawal per year) is possible.

If the retirement is less than 30 years, and I modeled both 15 and 20 years, then up to 7-8% portfolio withdrawal per year could be safe (without EVER having a 0 in the account based on ALL >100 years of previous data).

The previous data does not contain bitcoin since it is very new, but if even without bitcoin 7.5% withdrawal rate is possible for a 20 year long retirement, then with 20% bitcoin (an arbitrary number with some here having much higher numbers, probably), even 8-10% SWR (safe withdrawal rate) is very doable, imho.

Or, stick to the 4.7% withdrawal rate and leave a large legacy  .

If I were alone (do not want that)

I would move to a warmer place say us virgin islands and plan to spend down at 6%. Maybe 7%

I would spend the cash then the 401k and leave the btc alone.

The pension would take a hit as my wifes pension would survive to me at 50%

I know how to live cheap if I want.


But For now I will be babysitting my bro in law and watching to see what happens with my friend of about 30 years. Hoping his broken hip heals well.

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[BTCETFInvestor]

If I were alone (do not want that)

I would move to a warmer place say us virgin islands and plan to spend down at 6%. Maybe 7%

I would spend the cash then the 401k and leave the btc alone.

The pension would take a hit as my wifes pension would survive to me at 50%

I know how to live cheap if I want.


But For now I will be babysitting my bro in law and watching to see what happens with my friend of about 30 years. Hoping his broken hip heals well.

Phil - How did your friend (in his late 70s I think you said) break his hip? I guess like most broken hips, it was probably by falling.  

[nutildah]

One time I ate shit while slipping on a moss-covered step and bruised my hip, for like 2 days. That was the only time I ever thought about my hips. So far.

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[BTCETFInvestor]

One time I ate shit while slipping on a moss-covered step and bruised my hip, for like 2 days. That was the only time I ever thought about my hips. So far.

You've got to watch those slippery moss-covered rocks!  You went down for like 2 days ?  Damn!


@nutildah - Is this you here ► https://i.ibb.co/23MXSb3B/sliponrock-headfirst.gif

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[philipma1957]

If I were alone (do not want that)

I would move to a warmer place say us virgin islands and plan to spend down at 6%. Maybe 7%

I would spend the cash then the 401k and leave the btc alone.

The pension would take a hit as my wifes pension would survive to me at 50%

I know how to live cheap if I want.


But For now I will be babysitting my bro in law and watching to see what happens with my friend of about 30 years. Hoping his broken hip heals well.

Phil - How did your friend (in his late 70s I think you said) break his hip? I guess like most broken hips, it was probably by falling.  

he has a bent spine so he went to his back doctor for a checkup.

he was on the exam table and went to get off it.

since he has back pain he roll on to his side to prep his legs to spin off and down to the floor.

he over rolled and fell directly onto his hip .

and of course as most doctor offices are the floor is hard.


i will wait til sunday to call him as he is religious and wont answer the phone on a sat.

the new hip is done. so i hope he can recover.

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com