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

[xhomerx10]

RIP Brad Arnold
Man... just 47 yrs old.  Cancer.
3 Doors Down - Here Without You

[JayJuanGee]

Bitcoin is trading at about the same level as in Nov 2021, more than 4 years ago.
What crazy riches are you talking about?

BTC did a x20 in less than 3 years from late 2018 to late 2021 and a x8 in 2.5 years from late 2022 to mid 2025.

That’s a x160 in under 7 years. It would’ve taken just over $6K to be a millionaire today if you started in January of 2019.

Maybe listen to what I’m saying instead of constantly criticizing me if you haven’t made any money in the last 4 years.

1) in dec 2012 btc got down to six bucks 100 coins cost say 600-700
2) sell it all in nov 2013 thus 1300x1o0= 130000 usd
3) btc dropped to about 100  in 2014 buy 1300 coins cost say 130,000
4) in Dec 2017 one exchange reach 20,000 so sell the 1300 coins for 26,000,000
5) in dec 2018 coins dropped to 4,000 buy 65000 coins for the 26 million
6) in nov 2021 coins were 69,000 .  sell the 65,000 for 69,000 a coin you got 4,485,000,000
7) coins dropped to 16,000  buy about 282,312.5 coins
sell it all at 126,000 a coin

If a guy were to have accumulated only around 282,312.5 bitcoin by 2026, he could derive a passive annual income of around $1.146bn per year in perpetuity. Might he might even consider himself in the overaccumulation zone...perhaps, perhaps?

It seems that you are trying to bait me, asUHWEceyc..  .....and I am not going to agree with your exact numbers, since you can look at the sustainable withdrawal website, and I assert that currently 282,312.5 BTC would support sustainable annual income of approximately $869.2 million per year with a 7% increase per year in the dollar values. 

You can see the numbers on the sustainable withdrawal website, and surely that is good information for peeps to know and figure out how many bitcoin that they might want to try to achieve, and "we" gotta thank Bitmover for enabling such monstrosities.

One of the BIGGEST problems in attempting to trade bitcoin is that guys have to catch the 10-ish most profitable days of the year in order to really make meaningful profits in bitcoin, which means that many times traders will end up not being "in" when they should have had been "in.".. so they think that they are all smart, yet if they were not coincidentally "in" bitcoin on those 10-ish most profitable days, they end up fucking away all of their profits.  Another way of putting it is that they frequently sell too much too soon..

If this is the case we shouldn't feel like we're the most righteous in Bitcoin trading because sometimes we're tired or negligent in ensuring potentially significant profits in Bitcoin. When this happens we certainly don't expect to lose everything right before our eyes. This doesn't happen by chance but because we weren't prepared to protect Bitcoin on the 10 days that brought us profits. Because of this everything ends up losing the profits we would have earned.

It is a perspective to suggest that it is better to continue to hold, and  to not get caught without a sufficient stash of bitcoin during those days that the BTC price ends up running UPpity.

[ChartBuddy]

Explanation
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[ChartBuddy]

Explanation
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[Bigjoe158]

If I told you that we would hit bottom near the end of Q3 this year and peak with Bitcoin's all time high for the next cycle in Q3 of 2029, would you call me crazy or get crazy rich with me?

Bitcoin is trading at about the same level as in Nov 2021, more than 4 years ago.
What crazy riches are you talking about?

The two ways to get rich off of bitcoin was buying in 2010-2015 and holding for about 10 years, give or take.
OR, being already rich when you bought it.
The trading would NEVER give you that, unless you were DCAing steadily.
A regular person would either sell or buy at a wrong time when they try to trade.

Look at MSTR-they started buying at 10K and now with 69K they are UNDERWATER (because they DCAed irregularly).

Additionally, expecting a certain asset behavior in the future is very uncommon...bitcoin would not be an exception aka cycles would disappear in the future if not already.
Some cycle parameters already became irregular, which is a first step in the outright cycle collapse, which is upcoming, imho.

The first quarter of the year is terrible for Bitcoin holders but i see Bitcoin bouncing back at the third quarter of the year so holders of bitcoins should hoard it since Bitcoin is on the low. Hoarding Bitcoin will surely make the price shoot up. If the Bitcoin in circulation is reduced then more money chasing it will make the price rebounce in favor of the holders

[She shining]

If the Bitcoin in circulation is reduced then more money chasing it will make the price rebounce in favor of the holders

Ever heard about Paper Bitcoin and rehypothecation?

[Paashaas]

Daily RSI already lower than Covid crash, weekly RSI on historic lows and business cycle lowest low. Bitcoin always went to new highs afterwards. Will happen again. Normally that kind of lows reached 1 year after ATH which already happend few days ago when Bitcoin had a $10,000 capitulation wick to sub $60,000. Another 50% dump from here doesn't make any sense, that means situation is even worse than Covid + FTX crash combined.

Mini bear market Bear trap lasted from October to February.

When ETF introduced to gold, gold had a fantastic 8 year bull martket, you can bet that Bitcoin will having a similair multi year bull run towards $1million. BlackRock also filled for another Bitcoin ETF recently and Crypto bill still underway.

[ChartBuddy]

Explanation
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[El duderino_]

Consistent hard work
Multiple seasons HODL
Blue water reward.

[Paashaas]

Looking fit and healthy. You have my respect for all the hard work.

Have a nice vacation.

[El duderino_]

Looking fit and healthy. You have my respect for all the hard work.

Have a nice vacation.

Thank you… I have to say, CrossFit pays off for me

I like doing it and it just makes me feel good, having a fit look at 39 almost 40y is a nice bonus imo.

[Eagleyes669]

Consistent hard work
Multiple seasons HODL
Blue water reward.

You look insanely good for a 39 y/o, keep it up, seriously inspiring.

[El duderino_]

Consistent hard work
Multiple seasons HODL
Blue water reward.

You look insanely good for a 39 y/o, keep it up, seriously inspiring.

If someone with eagle eyes says so…. Then I must be very humbled
Thx for the compliment

[ChartBuddy]

Explanation
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[AlcoHoDL]

Consistent hard work
Multiple seasons HODL
Blue water reward.

📌 Kayangan Lake, Coron Island, Philippines.

Man, looking good and enjoying life! Many of us should take notes on how to live it!

Body (pic) and mind (haiku) in top shape too!

[ChartBuddy]

Explanation
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[LoyceV]

How can you hike on those "shoes"

Blue water reward.

Stay there, crappy weather at home!

[ChartBuddy]

Explanation
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[Paashaas]

Let's liquidate them on the upside.

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com